REAL ESTATE
Stories from the Houston area
2 0 2 2 A N N U A L C O M M U N I T Y G U I D E
TOP HOUSING AND REAL ESTATE STORY TO WATCH IN 2022
Construction: 2,700 Economics group projects 75,500 jobs to come toHouston in 2022 While ination and worker short- ages continue to stunt a rebound of the Houston economy, forecasters with the Greater Houston Partnership project the area will still add 75,500 more jobs to the economy in 2022. These projections were announced Dec. 10 alongside an update on how the area’s recovery trended in 2021. As of October, the Houston area had recouped 269,000 jobs, or roughly 75% of the 361,400 jobs lost in the early stages of the pandemic. The greatest job gains in 2022 are Other: 2,300 Finance: 2,100 Educational services: 2,000 Retail trade: 2,000 Administrative services: 9,000 Professional services: 8,700 Health care: 8,400 Restaurants and bars: 7,200 Government: 7,100 the ongoing housing boom,” ocials wrote in the report. After cooling o somewhat in October, the housing boom in Houston picked up again to close out 2022 and is projected to remain hot into next year, according to the Houston Association of Realtors. Single-family home sales increased 3.9% in November 2021 compared to last November with 8,320 houses sold. Total money spent on housing showed one of the largest year-to-date changes, increasing 20.6%. Total active listings fell 13.3% compared to Novem- Jobprojections BY SHAWN ARRAJJ & GEORGE WIEBE NEW HOUSTON AREA JOBS PROJECTED IN 2022
The Greater Houston Partnership projects around 75,500 new jobs to be added in the Greater Houston area in 2022.
projected to be seen in the administra- tive services, government, health care, professional services, and restaurants and bars industries. “Several factors will drive Hous- ton’s growth in [2022]: a strong U.S. economy, expanding global trade, energy consumption returning to pre-crisis levels, pent-up consumer demand, local population growth and
ber 2020, according to the report. Average and median home prices climbed after a market dip in October, although average prices still fell below their peak this last summer. “We remain on track for a record 2021, and the Greater Houston Partner- ship sees positive conditions for local employment going into 2022,” HAR Chair Richard Miranda said.
Transportation: 6,500
Real estate: 2,000
Manufacturing: 5,000
Arts, entertainment: 1,600
Energy: 4,000
Hotels: 1,200
Wholesale trade: 3,000
Information: 700
SOURCE: GREATER HOUSTON PARTNERSHIPCOMMUNITY IMPACT NEWSPAPER
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LAKE HOUSTON HUMBLE KINGWOOD EDITION • JANUARY 2022
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