Houston Ties With Dallas for Job Growth

The 282-unit Haven at Lakes of 610 Apartments is located at 8900 Lakes at 610 Dr.

HOUSTON—Total nonfarm employment in the Houston-Woodlands-Sugar Land Metropolitan Statistical Area stood at 3 million in January 2019, up 83,800 or 2.8%, from one year earlier, according to a recent report by the US Bureau of Labor Statistics. During the same period, the national job count increased 2%. Stanley W. Suchman, assistant commissioner for regional operations, noted that among the 12 largest metropolitan areas in the country, Houston ranked third in the number of jobs added during the year and tied for second with Dallas in the annual rate of job growth.

It’s no wonder, then, that multifamily continues to dominate commercial acquisitions in the region, and indeed, in much of Texas. Those statistics point to another multifamily transaction which marks the seventh property in the Houston metro and first Houston-area acquisition in 2019 for American Landmark.