Houston Economy MarketWatch

Market Watch
HOUSTON ECONOMY
February 2015
Houston #1 r ankings
ƒƒ Fastest Growing City - Forbes
U.S. Key Indicators
ƒƒ Top Market for Real Estate
Investment and Development
Expectations for 2015 - Houston
Chronicle
ƒƒ Best Places to Find a New JobSugar Land and The Woodlands
- Grow Texas
52 Wk High
DJIA
S&P 500
NASDAQ
1-Yr TRSY
10-Yr TRSY
Prime Rate
h o u s t o n q u i c k fac t s
52 Wk Low
18,103.45
2,097.03
4,893.84
0.25
2.80
3.25
15,855.45
1,814.36
3,946.03
0.07
1.67
3.25
52 Wk High
WTI
Brent
30 Yr Fixed
15 Yr Fixed
Freddie Mac
Fannie Mae
100.52
110.67
4.83
3.96
6.00
6.35
52 Wk Low
43.58
47.68
3.71
2.98
1.44
0.01
The above information is current as of the publication date of this report. If you need real-time numbers for any of these key indicators, visit the WSJ Market Data Center.
ƒƒ Fourth most populous city in U.S.
ƒƒ Fifth largest metro by population
in U.S.
ƒƒ Third most Fortune 500
headquarters locations in U.S.
ƒƒ Added more jobs since the bottom
of the recession than any of the
other 20 most populous metros
ƒƒ More than 5,000 energy firms
doing business in the Houston
metro area
ƒƒ Home to Texas Medical Center,
the largest medical/life sciences
complex in the world which
employs over 106,000 people
ƒƒ Home to the Port of Houston, one
of the busiest ship channels in the
world and ranked first in the U.S.
in import and export tonnage
Unemployment Rate
2014
2013
2012
2011
2010
Houston MSA
Texas
U.S.
4.1%
4.1%
5.4%
6.2%
6.8%
8.1%
8.5%
6.3%
6.8%
7.9%
8.2%
7.4%
8.1%
9.0%
9.7%
Source: Bureau of Labor Statistics & Texas A&M Real Estate Center
Houston Employment By Sector Trailing 12 Months
Non-Farm INDUSTRY EMPLOYMENT
DECEMBER
2014
December
2013
Mining & Logging
Construction
Manufacturing
Trade, Transportation & Utilities
Information & Financial Activities
Professional & Business Services
Education & Health Services
Leisure & Hospitality
Other Services
Government
Total
118,600
107,400
203,800
188,900
263,800
255,600
603,500
587,200
181,300
174,100
448,400
431,000
363,200
340,100
286,700
277,900
101,800
99,500
389,600
378,400
2,960,700 2,840,100
% Growth
10.4%
7.9%
3.2%
2.8%
4.0%
4.0%
6.8%
3.2%
2.3%
3.0%
4.2%
Source: Bureau of Labor Statistics
Population
Houston MSA
Texas
U.S.
2013
6,340,014
26,448,193
316,128,839
2012
6,202,549
26,060,796
313,873,685
2011
6,081,133
25,640,909
311,582,564
2010
5,946,800
25,145,561
308,745,538
Source: Texas A&M Real Estate Center & US Census Bureau
Average Home Prices December 2014
Houston MSA
Texas
U.S.
Average Price
$280,863
$247,000
$255,800
Median Price
$209,590
$191,900
$209,500
2.5
3.1
4.4
Mos. Inventory
Source: Texas A&M Real Estate Center & National Association of Realtors
HOUSTON ECONOMY MARKET WATCH
February 2015
A B OUT TRANS W E ST E RN
H OUSTON IN T H E N E W S
Details on major upgrades planned for massive industrial park
Transwestern is a privately held real estate firm specializing in
agency leasing, property and facilities management, tenant
advisory, capital markets, research and sustainability. The fully
integrated global enterprise leverages competencies in office,
industrial, retail, multifamily and healthcare properties to add
value for investors, owners and occupiers of real estate. As
a member of the Transwestern family of companies, the firm
capitalizes on market insights and operational expertise of
independent affiliates specializing in development, real estate
investment management and research. Transwestern has 34
U.S. offices and assists clients through more than 180 offices in
38 countries as part of a strategic alliance with Paris-based BNP
Paribas Real Estate.
link to story
Houston Business Journal, February 17, 2015
Changes aim to put the ‘park’ back in Allen Parkway
link to story
Houston Chronicle, February 16, 2015
New bay-area hospital set to expand further
link to story
Houston Business Journal, February 13, 2015
BUILDING PERMITS ISSUED HOUSTON MSA
Permits: Multifamily
Permits: Single Family
4,000
3,500
3,000
2,500
2,000
1,500
Transwestern was founded in Houston, Texas in 1978, and
Houston remains the corporate headquarters today. As one of the
preeminent commercial real estate firms in Houston, we offer a
comprehensive menu of real estate services designed to provide
owners, tenants and investors with the optimum solutions for
their unique requirements. Transwestern has seasoned veterans in
every area of expertise with the integrity, experience and creativity
to be the best partner for its clients. Transwestern’s Houston
office currently employs over 400 team members and has been an
innovator in the Houston market for 37 years.
1,000
500
0
DEC-13
JAN-14
FEB-14
MAR-14
APR-14
MAY-14
JUN-14
JUL-14
AUG-14
SEP-14
OCT-14
NOV-14
DEC-14
Source: Texas A&M Real Estate Center
H OUSTON CONTACTS
Eric Anderson
Executive Vice President - Office
713.407.8704
eric.anderson@transwestern.com
Brian Gammill
Managing Director - Industrial
713.270.3321
brian.gammill@transwestern.com
Ed Cummins
Senior Vice President - Multifamily
713.272.1288
ed.cummins@transwestern.com
Michael Snodgrass
Managing Director - Structured Finance
713.270.3342
michael.snodgrass@transwestern.com
Ken Page
Managing Director - Investment Sales
713.270.3361
ken.page@transwestern.com
Doug Little
Senior Managing Director - Office
713.272.1284
doug.little@transwestern.com
Nick Hernandez
Managing Director - Retail
713.270.3354
nick.hernandez@transwestern.com
Justin Leighton
Managing Director - Tenant Advisory
713.272.1227
justin.leighton@transwestern.com
Jan Sparks
Managing Director - Structured Finance
713.270.3398
jan.sparks@transwestern.com
Scott Myers
Vice President - Investment Sales
713.270.3384
scott.myers@transwestern.com
David Baker
Executive Vice President - Office
713.407.8701
david.baker@transwestern.com
Micha van Marcke, CCIM
Senior Vice President - Retail
713.272.1231
micha.vanmarcke@transwestern.com
Bobbie Bozarth
Senior Vice President - Tenant Advisory
713.272.1221
bobbie.bozarth@transwestern.com
David Schwarz, SIOR
Vice President - Land
713.270.3371
david.schwarz@transwestern.com
Michelle Wogan
Executive Vice President - Office
713.270.3348
michelle.wogan@transwestern.com
Eric Johnson
Managing Director - Healthcare
713.272.1217
eric.johnson@transwestern.com
Micheal Palmer
Senior Vice President - Tenant Advisory
713.231.1627
micheal.palmer@transwestern.com
Carlos Bujosa
Vice President - Land
713.272.1289
carlos.bujosa@transwestern.com
Contact
Methodology
Rachel Alexander
Director of Market Research
713.270.3344
Rachel.Alexander@transwestern.com
The information in this report is the result of a compilation of publicly available data from a variety of
commercial and government sources.
1900 West Loop South, Suite 1300
Houston, Texas 77027
T 713.270.7700 F 713.270.6285
www.transwestern.net/houston
Copyright © 2015 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by
Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any
responsibility for any inaccuracy contained herein.