Apartment construction in Houston is surging, ranking sixth nationwide in 2024, with 18,301 new units expected. The top five metros for new apartments are New York City, Dallas, Austin, Phoenix, and Atlanta. Houston also ranks third for construction from 2020 to 2022, with 53,741 units. However, a report predicts a slowdown in construction by 2028, with Houston projected to build 55,785 new apartments. Additionally, Houston has the second highest office vacancy rate in the U.S., with 18.6% of office space empty, reflecting shifts in work culture post-pandemic.