Apartment activity added $4.5B to Houston economyApartment activity added $4.5B to Houston economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=82572013-02-13T12:51:00Z2013-02-13T00:00:00Z

HOUSTON - Apartment construction and operations contributed $4.5 billion to the Houston area's economy and supported 38,000 local jobs in 2011, according to National Multi Houston Council and the National Apartment Association.

Some highlights from the study include:

  • $429 million was spent on new apartment construction in Houston in 2011;
  • $1.7 billion was spent on apartment operations in Houston, generating $3.6 billion and supporting 31,000 local jobs;
  • The apartment industry provides homes to almost 50 percent of Houston area residents; and
  • Apartment operations and residents contribute $93 billion to the Texas economy and support 2.2 million jobs.
Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2013/02/apartment-construction-added-45b-to.htmlRead more at {Source}

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