Well, the news keeps getting worse, at least for residential construction in Dallas.
We're now down to 6,419 units (4,503 multifam) permitted over the last 12 months ending Aug 2017.
Compare to high of 13,525 units (12,091 multifam) in the 12 months ending May 2016. That's quite the dropoff in a short period of time.
Dallas hasn't seen that slow of an overall year since the year ending Sep 2013. And it hasn't been that slow for multifamily construction since the year ending Apr 2012!
However, metro-wide construction continues to reach new highs in total units permitted, with 60,162 over the last 12 months. Likely due to the shift from city to suburb-oriented growth, metro-wide multifamily has dipped somewhat--despite the overall increases--to 26,727 over the past 12 months from a high of 29,240 over the 12 months ending Jul 2016.