- Throughout the nation, two-thirds of the 146 metros measured in the second quarter of 2016 saw homebuilding lacking behind employment growth.
- The first two cities reported by NAR with the biggest gap between employment growth and single-family housing permits were in California: San Jose and the Bay Area.
- In Houston, the three-year change in employment to the total permit ratio was 1.9, with 158,364 new total permits.
As the job market continues to improve, the need for more properties follows suit. According to a National Association of Realtors Metropolitan Median Area Prices and Affordability and Housing Affordability Index, homebuilding of all housing types was under-performing in about two-thirds of the 146 metros measured in the second quarter of 2016.