Houston Ranks First for Homebuilding Prospects in New Industry Report
Houston jumped to the top spot for homebuilding prospects in an annual industry report, while dropping to sixth overall for real estate markets to watch.
FTMQ Real Estate, written by our newsroom0 views
Houston rose from third to first place on the list of homebuilding prospects in the latest annual real estate market rankings, Yahoo Finance reported. The report was published jointly by the Urban Land Institute and PricewaterhouseCoopers. [1]
Despite gaining the top ranking for homebuilding, Houston dropped one position to sixth place on the overall list of real estate markets to watch for the coming year, according to Yahoo Finance. The report noted that the city is gaining from expansion in its energy sector and industrial base. [1]
Houston is the fourth most populous city in the United States, recording a population of 2.3 million people during the 2020 census. The surrounding metropolitan area contains 7.8 million residents, making it the second largest metro area in Texas and the fifth largest nationally. [2]
The economy of the city focuses heavily on petroleum refining, petrochemical production, and natural gas extraction. Diversification in the area has also supported manufacturing, aerospace, and life science industries. [3]
In short
- Houston ranked first for homebuilding prospects in the Urban Land Institute and PricewaterhouseCoopers report.
- Houston fell to sixth place overall among real estate markets to watch.
- The 2020 census recorded 2.3 million residents living in the city of Houston.
- Greater Houston contains 7.8 million residents across its metropolitan area.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Houston tops homebuilding outlook as inventory piles upYahoo Finance, 5d ago (the report this story comes from)
Background
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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