At #7 is Houston-Sugar Land-Baytown, TX
Market Health Indicator: 77.3
2011 Building Permit Forecast: 34,763
Percent Change in Building Permits: 30%
Things are looking up in Houston. Home prices have stabilized. Employment will grow by a robust 2.66% this year, and cut the unemployment rate by nearly half a percent. Median incomes will rise strongly, by 3.33%. And building permit activity will increase by nearly a third.
Houston is a huge market for new homes, one of the biggest in the nation, even though last year it produced only about a third of the 71,000 permits pulled in 2006. The large volume of activity here has attracted more than one national builder during the downturn.
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