Houston

Houston's population is 7.1M, with a total workforce of 3.2M. The labor market grew by 64,100 jobs over the past year, up by 2.0%. The median household income in Houston is $66,760, 2.1% higher than last year and 5.7% above the national average of $63,179.In the housing market, total permits issued totaled 63,050 over the last twelve months, up 5.1% year-over-year. Houston has 1,145 active new home projects on the market, 6.1% fewer than the 1219 from last year. The average list price in the market is $294,340, 2.2% lower than last year and 8.4% below the national average. Over the last three months, new home contracts decreased by 7.2% to 6,901. Houston and Katy had the highest concentration of the new home contracts in the Houston market.