Houston, once a leader in apartment construction, is seeing a significant slowdown in 2025. According to national apartment search site RentCafe, the city is set to deliver just 14,439 new apartments in 2025 Fan alarming 37.6% drop compared to the previous year. This comes as the city, which had seen a record 49,149 new apartments in 2023-2024, grapples with higher construction costs, rising interest rates, and flat rents.