The multifamily supply wave is not thinning everywhere in Austin, Texas

“Despite the challenging financial climate, developers in South Austin remain active. Contrary to metro-level trends, which have seen groundbreakings slow dramatically in each of the past two years, this was not the case here, where the 2023 and 2024 tally was similar.

More than 1,300 units are anticipated to open this year, which would put annual new supply at a 12-year high. For context, new supply in Austin this year is on pace to hit a four-year low.“