Houston s population is 6.9M, with a total workforce of 3.1M. The labor market grew by 74,700 jobs over the past year, up by 2.4%. The median household income in Houston is $66,454, 4.2% higher than last year and 8.3% above the national average of $61,372. In the housing market, total permits issued totaled 60,243 over the last twelve months, up 32.5% year-over-year. Houston has 1,139 active new home projects on the market, 9.2% fewer than the 1,254 from last year. The average list price in the market is $302,238, 2.8% lower than last year and 0.2% below the national average. Over the last three months, new home contracts decreased by 3.6% to 6,608. Houston and Katy had the highest concentration of the new home contracts in the Houston market.