HOUSINGNEWS REPORT
A RISING TIDE IN HOUSTON
MSA have all steadily gained in population.
from ATTOM Data Solutions, in 2015 millennials accounted for 24.8 percent of the population in Harris County. “Houston also outperformed the nation in job growth. Houston added 45,000 jobs in the past 12 months despite losing 27,500 jobs due to Harvey,” said Jones.
that payroll employment for 2017 reached a new peak for the region at nearly 3.1 million people. Houston is home to the corporate headquarters of 20 Fortune 500 companies such as Phillips 66, Sysco, Conoco Phillips, Halliburton, Waste Management and Occidental Petroleum. Besides the oil and gas business it is known for, the region is home to one of the nation’s largest ports, as well as the Texas Medical Center, the largest medical complex in the world for medical research and applied life sciences. CONTINUED ON NEXT PAGE
As of July 2016, the city of Houston ranked the fourth highest population behind only New York, Los Angeles and Chicago at roughly 2.3 million people. At the county level Harris County totaled nearly 4.6 million people in July 2016, the nation’s third highest. With 6.77 million people, the greater metropolitan statistical area ranked the nation’s fifth highest.
For December 2017, the Bureau of Labor Statistics reported that
unemployment for the Houston MSA declined 1 percentage point from the year earlier to 4.3 percent. If it were a country, the MSA’s economy would rank 24th in the world, reports the Greater Houston Partnership, which also noted
Texas in general, and Houston specifically, are seeing an increase in millennials. According to data
HOUSTON MSA MEDIAN HOME PRICES
ANNUAL PCT CHANGE
MEDIAN SALES PRICE SINGLE FAMILY HOMES
$250,000
70%
60%
$200,000
50%
40%
$150,000
30%
20%
$100,000
10%
0%
$50,000
-10%
-20%
$0
16
MARCH 2018 | ATTOM DATA SOLUTIONS
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