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Development List For Buildings In Houston

houstonsemipro

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H-Town Man

H-Town Man

Posted
Posted
1 hour ago, Houston19514 said:

To be clear, that is not a "preliminary" number.  That is the July 1 population estimate, a different set of numbers than the official decadal census.

FWIW, the annual growth estimates are as follows:

  • July 1, 2010-2011:  108,823
  • July 1, 2011-2012:  127,111
  • July 1, 2012-2013:  144,503
  • July 1, 2013-2014:  171,753
  • July 1, 2014-2015:  171,428
  • July 1, 2015-2016:  135,512
  • July 1, 2016-2017:  92,597
  • July 1, 2017-2018:  76,036
  • July 1, 2018-2019:  88,452
  • July1, 2019-2020:  91,078

I think the slow-down was probably more a result of the drop in oil prices than Harvey (the biggest drop in growth occurred pre-Harvey).

Agreed that it was the oil downturn, not Harvey. Do you know when the results of the decade census come out?

 

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toxtethogrady

toxtethogrady

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Posted
On 6/8/2021 at 11:27 AM, Houston19514 said:

To be clear, that is not a "preliminary" number.  That is the July 1 population estimate, a different set of numbers than the official decadal census.

FWIW, the annual growth estimates are as follows:

  • July 1, 2010-2011:  108,823
  • July 1, 2011-2012:  127,111
  • July 1, 2012-2013:  144,503
  • July 1, 2013-2014:  171,753
  • July 1, 2014-2015:  171,428
  • July 1, 2015-2016:  135,512
  • July 1, 2016-2017:  92,597
  • July 1, 2017-2018:  76,036
  • July 1, 2018-2019:  88,452
  • July1, 2019-2020:  91,078

I think the slow-down was probably more a result of the drop in oil prices than Harvey (the biggest drop in growth occurred pre-Harvey).

Those estimates are always a bit wacky. The only thing you can trust are the actual census numbers, which have had a tendency to lop some of that growth back. Especially in Dallas-Fort Worth...

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KinkaidAlum

KinkaidAlum

Posted
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People are definitely leaving California but you'd never know it looking at the market. My house has increased in value by 24% in three years. I get all cash offers to buy in monthly. The demand might not be there in the Inland Empire, but the LA Basin, San Fernando Valley, Orange County, and San Gabriel Valley are booming.

 

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Big E

Big E

Posted
Posted
6 minutes ago, KinkaidAlum said:

People are definitely leaving California but you'd never know it looking at the market. My house has increased in value by 24% in three years. I get all cash offers to buy in monthly. The demand might not be there in the Inland Empire, but the LA Basin, San Fernando Valley, Orange County, and San Gabriel Valley are booming.

 

Prices might be rising, but its not because people are moving to California. Its because: a)Wall Street investors and their proxy companies, like Homes 4 Rent, are buying up properties by the bucket load because they see it as a cash cow and an easy way to make money, and b)Chinese investors are buying up properties to park their money overseas. The housing market is a sellers market right now, so sellers and investors are buying like crazy and the value of houses is going through the roof.

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KinkaidAlum

KinkaidAlum

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Investor purchases represent just 12% of sales in Los Angeles County. It jumps up to 13% in Orange County, 25% in the Inland Empire (Riverside and San Bernardino) and 34% in Ventura. It's part of the story but not the only one. 

The pandemic has caused people to want to move up and out. Combine that with low lending rates, and there are way more home buyers than houses. That's the main issue. The median home on the market in LA is on for just 8 days. Lastly, Los Angeles (city) grew by around 200,000 this last decade. It did so without annexation and new development. California grew by over 6% year over year. Growth has slowed but it is still growing. 

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Urbannizer

Urbannizer

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https://www.bisnow.com/houston/news/multifamily/like-a-light-switch-that-went-on-houston-multifamilys-recovery-from-pandemic-woes-in-full-swing-109343

After the tumultuous year that was 2020, Houston’s multifamily sector is in the midst of an impressive comeback. The market has absorbed more than 23,000 apartment units over the past 12 months, data from ApartmentData.com showed. Around 15,000 of those units, or 65%, have been absorbed since just the start of 2021.

Only the aftermath of Hurricane Katrina in 2005 led to a comparable number of people actively looking to lease apartments in the greater Houston area, according to ApartmentData.com President Bruce McClenny.

“That 23,000 dwarfs everything for the last 12 years,” McClenny said.

Houston absorbed 4,668 units during the first quarter of 2021. But things seriously began to take off at the beginning of the second quarter: During April and May, the city absorbed 10,249 units. In comparison, Houston absorbed a total of 11,493 apartments for the full year of 2020 and 14,215 in 2019.

“When absorption equals or is better than the number of units open, that is an incredibly good sign,” McClenny said. 

Strong absorption rates typically translate into high occupancy levels, and in Houston, average occupancy levels are now higher than they were pre-pandemic. Class-A occupancy averaged 82.8% in March 2020, and it bottomed out in June at 79.7%. Nearly a year later, in May, average occupancy had rebounded to 84.9%, the highest level since August 2019.

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ArtNsf

ArtNsf

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Now having had the opportunity to be out of state for the duration of this historic pandemic, I can confirm that my happy suspicions about the westward, northward and southwestward growth of the Houston area are true.  it was incredibly dramatic flying in past the Austin area (not far from it btw) looking down and seeing the obvious westerly and northwesterly located housing developments that have literally popped up onto otherwise completely vacant acreage, including some that were heavily wooded in late 2019.  In the once tiny town of Brookshire, of course where I was born, even the locals now see the city beginning to surround that area and the vast amounts of industrial and office space up to and in some cases, beyond the city limits.  So, this is more good news if you are a fan of growth in our Houston area. 

If the last year and a half weren't so challenging and I had the opportunity to stay in my hometown, I might have missed all this phenomenal growth.  And, another thing I noticed, from the air of course, is that although the DFW area continues to grow, it's growth pales in comparison to the Houston area, both from the ground and in the air.  I'm always pleasantly amazed at how incredible the progress and growth continues to be in our wonderful city in Texas.  There are so many reasons that Houston is this big and growing by leaps and bounds.  And, most of those reasons are really good ones economically, culturally, environmentally (yes), diversity, we always seem to elect really good mayors despite the lack of faith in local leadership as almost an "obligation" to oppose whoever sits in the seat of power at the top of the City, and finally, that most Houston of qualities that everyone loves, our unequaled "can do" spirit that has always been a part of our identity.

This forum is so interesting in so many ways, and not the least of which is observing and reading about growth and development (and all the incredible photography by so many talented and dedicated members!)

Yes, we have our share of increasing crime rates and many other growth pains, but in my opinion the good about this region far outweighs the bad stuff by a huge margin.

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toxtethogrady

toxtethogrady

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I've been struck by the sustained rise in both oil and natural gas prices in just three months. It should be good for the local economy. Still disappointed that Houston can't compete for some of the corporate relocations such as the rumored Goldman Sachs regional campus going into the Insurrection Belt in Far North Dallas...

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BeerNut

BeerNut

Posted
Posted
On 8/22/2021 at 1:48 PM, The Watcher said:

I've noticed the wonderful development map that the community has created here hasn't been updated in quite some time. I'm not sure who's in charge of it but I would love to see the all of the new projects be added as well as the existing projects get updated. 

@Luminareis in charge of the community created map, he move to Utah to start a new job so not sure how involved he wants to be.  

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Luminare

Luminare

Posted
Posted
On 8/22/2021 at 12:48 PM, The Watcher said:

I've noticed the wonderful development map that the community has created here hasn't been updated in quite some time. I'm not sure who's in charge of it but I would love to see the all of the new projects be added as well as the existing projects get updated. 

You and me both. I know its cliché at this point, but the answer is....Covid, or I should say the economics of Covid. Not only did it completely disrupt my life, but it also realigned others priorities whom I had hoped would be able to assist. No ones fault really, just life happens.

4 hours ago, BeerNut said:

@Luminareis in charge of the community created map, he move to Utah to start a new job so not sure how involved he wants to be.  

What @BeerNut says here is the truth. Moved to Utah when I found a job here after I picked up and left Houston.

Currently the map is on indefinite hold, unless someone is willing to really dedicate time, and hit it hard. Its what this project deserves. Someone like a @Highrise Tower or an @Urbannizer , but both those guys already do so much for the forum already that I would like to hand this off to someone who will make this their contribution to the forum. If that can happen then I can take more of an overseer/consultant role for the project. I had big plans for it, but again life twists and turns in crazy ways.

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pacarlson

pacarlson

Posted
Posted
10 hours ago, toxtethogrady said:

So oil just hit $80 a barrel. Party time again?

I saw that too.  Not sure yet what impact, if any, this price increase is going to have.  Many company budgets are already set for 2022 with cautious spending programs and project economics based on $55/bbl +/- long term.  Unless the supermajors think this price level is going to hang around for more than 5 years or so, no one is going to want to risk spending megamillions on long term payout projects that only fly at > $55/bbl.  We've been here too many times before and been burned.  Remember, the cure for high oil prices is high oil prices and the cure for low oil prices is low oil prices.

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hindesky

hindesky

Posted
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Bisnow article about Houston Retail Demand & Construction.....

"Houston is outpacing all other U.S. major metros when it comes to retail demand and construction deliveries, according to CBRE's latest market analysis— one of a pair of new reports indicating the city is poised for a strong retail rebound going into 2022."

https://www.bisnow.com/houston/news/retail/two-submarkets-help-buoy-houston-into-stronger-2022-retail-market-111561

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Luminare

Luminare

Posted
Posted (edited)

I'll be visiting Houston in late April. I definitely have a few projects I want to see like Montrose Collective, Post HTX, and the Ion. Anything else I should see? I'll be bringing my camera and taking pictures. Also off topic for this thread, but any new restaurants I should try? I'm sure there's been a bunch of new places popping up since I left Jan. of 2021. Also if anyone is interested in meeting up, I'm game for that as well.

Edited by Luminare
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downtownian

downtownian

Posted
Posted
On 1/26/2022 at 10:55 AM, Luminare said:

I'll be visiting Houston in late April. I definitely have a few projects I want to see like Montrose Collective, Post HTX, and the Ion. Anything else I should see? I'll be bringing my camera and taking pictures. Also off topic for this thread, but any new restaurants I should try? I'm sure there's been a bunch of new places popping up since I left Jan. of 2021. Also if anyone is interested in meeting up, I'm game for that as well.

Have you seen the Kinder MFAH? Think it opened late 2020

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Luminare

Luminare

Posted
Posted
10 minutes ago, Naviguessor said:

While in the Museum district, you shouldn't miss the Menil Drawing Institute and the Rothko Chapel, Visitor Center and new landscaping.  

Yes, Rothko was still closed before I left. I actually was at the grand opening week for the Menil Drawing Institute, but will be doing a walk through my old hood (Montrose).

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august948

august948

Posted
Posted
On 1/26/2022 at 10:55 AM, Luminare said:

I'll be visiting Houston in late April. I definitely have a few projects I want to see like Montrose Collective, Post HTX, and the Ion. Anything else I should see? I'll be bringing my camera and taking pictures. Also off topic for this thread, but any new restaurants I should try? I'm sure there's been a bunch of new places popping up since I left Jan. of 2021. Also if anyone is interested in meeting up, I'm game for that as well.

Make sure you swing through Memorial Park to see the progress there.

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hindesky

hindesky

Posted
Posted

Where are Houston's Fortune 500 companies?

"Downtown maintained its status as the top location for Houston’s Fortune 500 companies, although north Houston just made two big scores with Exxon Mobil and Hewlett Packard Enterprise."

https://www.houstonchronicle.com/business/texas-inc/article/where-are-houston-fortune-500-companies-located-16933965.php

jgBZYdF.jpg

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