Houston, TX Multifamily Market Report | Colliers | Q2 2026

Market Overview

Houston’s multifamily market accelerated in Q2, with 7,008 units absorbed citywide—outperforming the five-year Q2 average of 6,069 units by 15.5%. All property segments posted positive net absorption during the quarter, with Class A properties accounting for 65.7% of total absorption, significantly outpacing Class B assets at 14.1%. The Northwest submarket remained the region’s most active area, leading all submarkets in units delivered, net absorption and units under construction. Units under-construction totaled 13,274 units in Q2, down 3.5% quarter-over-quarter (QoQ) and 29.3% year-over-year (YoY).

About Colliers

Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q2 2026 Houston multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.