Housing follows the laws of supply and demand

Home production in Austin outpaced growth in both Texas and the U.S. overall — and rents fell

Pew's analysis of the U.S. Census Bureau's American Community Survey one-year estimates, 2021 and 2024, and annual averages of Apartment List rent estimates data from 2021 and 2025, downloaded Feb. 26, 2026
Chart: The ArgumentSource: Pew Charitable Trusts