Each month, the Greater Houston Partnership publishes a report highlighting the area’s key numbers in trade, job creation, and population growth. CKR will frequently recap the group’s economic report and the impact on property investment opportunities.
The main takeaways from the June economic report include:
· Greater Houston employment is at a record high of more than 3 million jobs filled
· Houston added more than 86,000 jobs between April 2018-19
· Manufacturing added the most jobs, followed closely by professional services and healthcare
· New construction investments exceeded $10 billion between April 2018-19
Houston continues to show promise as a stable destination for property investment. As more job seekers move to the city, and with few if any signs of them slowing down, the multifamily housing market offers investors a low-risk option for educated, informed property investment.
To learn more about multi-family property investments in the Greater Houston area, reach out and get acquainted with CKR’s award-winning property management team.