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Greater Houston Partnership's Sept. 2014 Economy at a GlanceGreater Houston Partnership's Sept. 2014 Economy at a Glancehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=29242014-09-30T12:13:00Z2014-09-30T07:00:00Z

HOUSTON - The Greater Houston Partnership has released their Economy at Glance report for September 2014. The Houston metro area created 112,200 jobs in the 12 months ending July 2014, a 4 percent annual growth rate. That performance is the seventh largest 12-month gain in 25 years.

Unlike a year ago, when several sectors still struggled to create jobs, every sector in Houston grew over the past 12 months. July’s seasonally unadjusted unemployment rate stood at 5.5 percent.

At the current rate of growth, Houston should surpass 2.9 million jobs in September, and if the economy continues along its current expansion path, should surpass 3.0 million jobs by this time next year.

Construction permitting in the City of Houston hit another record in July. The running 12-month total reached nearly $7.6 billion, the fifth consecutive record-setting month and a 30.5 percent increase over the 12-months ending July 2013.

Houston-area realtors sold 89,666 homes in the 12 months ending July 2014, a 7.1 percent increase over the 83,746 homes sold in the comparable period in 2013, according to data from the Houston Association of Realtors.

In the first seven months of this year, more than $150.9 billion in foreign trade passed through the Houston-Galveston Customs District, up 5.1 percent from the $143.5 billion in trade handled in the first seven months of 2013.

Exports totaled $77.7 billion, up 9.4 percent from the $71.0 billion handled during the same period in 2013. Imports totaled $73.2 billion, up 1.0 percent from the $72.5 billion handled over the same period in 2013.

Source: Greater Houston Partnership

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
Economy
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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