- DFW recorded 6.5% unemployment in January 2021, 20 basis points higher than December 2020.
- Comparing year-over-year, DFW has lost 96,000 non-farm jobs from March 2020 to March 2021 but has gained back 27,300 since February of 2021.
- In Q1 2021, net absorption totaled 3,707 units, a slight uptick of 18 units since last quarter.
- Deliveries had a slight downturn this quarter with 252 fewer units than Q4 2020.
- Comparing year-over-year growth, DFW’s rents grew by 0.3% from Q1 2020 to Q1 2021.
- In Q1 2021, DFW multifamily occupancy also fell by 53 basis points to 94.1% this quarter.
- Net absorption in Q1 tends to be seasonally low, so we can still expect occupancy levels to rise in coming quarters as we continue to progress past the pandemic.