Houston Moves into Top 5 in Economic Health Index
In an analysis that measures the economic health of major metropolitan areas, Houston ranks No. 4 in the Business Journals’ On Numbers Economic Index moving up two spots from last month. Houston ranked No. 3 in August and No. 6 last month.
In the analysis of 102 markets, Houston is the leader in long-term housing appreciation, with values up by an average of 5.8 percent during the past five years, On Numbers reports. The area’s private-sector job growth is up 5.3 percent over the past five years.
Oklahoma City topped the list for the second month in a row with the lowest unemployment rate in the analysis, 4.6 percent. Austin, the top Texas metro, again ranked No. 2 nationwide, with a 7.7 percent increase in private-sector job growth over the past five years. San Antonio was the only other Texas metro to make the top 10. On Numbers credits real estate values and long-term job growth for placing it at No. 10.
You can read the full article at http://www.bizjournals.com/houston/