Houston job growth strengthens real estate

​​​​​​HOUSTON – Houston’s job growth in 2017 has positioned the local real estate market to gain strength across the board, according to a Deal Sikes & Associates report.

The Houston region added 62,900 jobs in 2017, the Texas Workforce Commission reported in its revised annual data. 

That’s a 37 percent jump over initial estimates of 46,000 jobs.​

It also shows a rebound from the bottom of the downturn in October 2016, according to the Greater Houston Partnership Houston Employment Forecast 2018​.

Apartment construction will pick up in 2018 after both rents and occupancy rates increased in 2017.

Houston’s economic growth and jobs gains support a broad trend for stronger real estate values in 2018.