Marcus Hiles Notes Growing Rental Sector Benefitting Texans

Shifts in the real estate market are typically associated with times of population growth and economic prosperity at the state and municipal level. Upscale rental demand expanded across the state in 2015, and Marcus Hiles notes that recent data from the Department of Labor shows Dallas experienced labor force growth to over 3.75 million with one of the lowest unemployment rates in the country — finishing 2016 at 3.5%. More than 69,000 new apartments were built across Texas in 2016, primarily in the big four metro areas.

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