Houston s population is 6.9M, with a total workforce of 3.1M. The labor market grew by 114,700 jobs over the past year, up by 3.8%. The median household income in Houston is $66,157, 3.7% higher than last year and 7.8% above the national average of $61,372. In the housing market, total permits issued totaled 52,206 over the last twelve months, up 16.9% year-over-year. Houston has 1,164 active new home projects on the market, 7.4% fewer than the 1257 from last year. The average list price in the market is $314,371, 0.7% higher than last year and 1.5% above the national average. Over the last three months, new home contracts decreased by 9.9% to 5,557. Houston and Katy had the highest concentration of the new home contracts in the Houston market.