Every year, the Greater Houston Partnership publishes a detailed report on the Houston economy which is a great chance for a numbers geek like me to sink my teeth on an ungodly amount of data.
Below are a few highlights from the report.
As of November 2013:
- Unemployment rate: 5.6% (vs. 7.0% national unemployment rate)
- Employment: 2.8% Job growth – Greater Houston area added 86,200 jobs during the previous 12 months (Number #1 in the State of Texas). During 2014, the GHP predicts that the Houston area will experience 2.5% job growth and add 69,800 additional jobs.
- Affordability: Living costs in Houston are 6.5% below national average for large metro areas
- Home Sales: 87,635 homes sold during the previous 12 months for a total volume of $20.8B (+19.4% and +31.9% respective increases over 2012)
Or feel free to download the complete reports below: