Houston in Top 5 For Economic Health

Houston moved up two spots from last month in an analysis that measures the economic health of major metropolitan areas.

Houston ranks No. 4 in the Business Journals’ On Numbers Economic Index, which is calculated by an 18-part formula. It ranked No. 6 last month and No. 3 in August.

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. Tulsa, Okla., came in at No. 3, and Omaha, Neb., took the No. 5 spot.

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.

Source: Olivia Pulsinelli Web producer - Houston Business Journal

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