Houston economic indicators H-O-THouston economic indicators H-O-Thttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=63532013-09-12T15:18:00Z2013-09-12T13:00:00Z

HOUSTON - Greater Houston Partnership has released its September key economic indicators.

  • Home sales — Houston-area realtors increased home sales 26.3 percent since July 2012, according to the Houston Association of Realtors. July marked the 26th consecutive month of sales gains over the same month in 2012.

    The median price of a single-family home in Houston grew 10.5 percent, from $169,920 in July 2012 to $187,760 in July 2013. Local inventory increased to 3.4 months’ supply, up from 3.3 months in June.
  • Building permits — The City of Houston issued building permits totaling $715.2 million in July 2013, a 121.1 percent increase over the $323.5 million issued in July 2012.

    The large year-over-year growth was due to a 154.9 percent increase in nonresidential permit values, from $190.8 million in July 2012 to $486.4 million in July 2013. Residential permits increased 72.4 percent from $132.6 million in July 2012 to $228.7 million in July 2013.
  • Vehicle sales — Houston-area auto dealers sold 35,133 vehicles in July 2013, a 23.2 percent increase from the 28,525 sold in July 2012, according to TexAuto Facts. The month’s auto sales were the highest July results since July 2001.

Read more at the Greater Houston Partnership.

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
http://www.houston.orgRead more at {Source}

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