The Sun Belt goes Vertical

A million new apartments, but still behind where coastal cities started.

I showed yesterday that Atlanta has hit the limits of sprawl and is densifying from the inside out. That pattern extends across the Sun Belt. Between 2010 and 2024, Dallas, Houston, Atlanta, Miami, and Phoenix each added more than 100,000 residential units in large apartment buildings. The map below shows this: each bar is a metro area; blue represents …