Anyone who lives in the Houston Area, native or transplant, can’t help but notice the continued growth in the region despite foreign and national economic woes. The folks at the Greater Houston Partnership were able to quantify this growth in their July 2012 economic report:
“The Houston metro area added 110,000 residents over the past 12 months, more than half through natural increase, the remainder from residents moving here from overseas and elsewhere in the United States.” — the Greater Houston Partnership
To put this in perspective, that means that there is a new Houstonian every five minutes! These numbers break down into slightly less than half of these new residents moving in from elsewhere, and the remainder comprised of current residents adding new little members to their families. Either way, Houston is growing, and the reason why can be summed up in one word: Jobs. Again from the Greater Houston Partnership,
“Since June ’11, the private sector has grown by 95,600 jobs, a 4.3 percent increase over the year. Houston matched the combined job creation of Dallas-Fort Worth-Arlington (51,600 jobs), Austin-Round Rock, (4,400 jobs), and San Antonio-New Braunfels (10,500 jobs).”
Strong job growth means strong families, strong communities, and a strong housing market. With this growth projected to continue, many are deciding that now is the right time to make a move in Houston’s real estate market. If you are considering buying or selling please contact us, for the SMARTER. BOLDER. FASTER. agents in real estate.
By Realty Partners|2017-03-13T15:54:54-05:00August 3rd, 2012|News|Comments Off on A New Resident Every Five Minutes