Market Insights | Fall 2023 | Houston

August 14, 2023

Greater Houston is the fifth-largest and second fastest-growing metropolitan area in the nation. Houston’s population is one of the youngest and most diverse in the world, and its economy ranks among the top largest in the U.S. Houston’s economy contains a broad base in the industries of energy, business, technology, international trade, manufacturing, aeronautics, transportation, education, medicine, and research. Greater Houston is experiencing rapid population growth and a surge in construction, particularly in commercial, multifamily, manufacturing, hospital, and infrastructure projects.