RECON
Real Estate Center Online News

HOUSTON (Houston Business Journal) – The Institute for Regional Forecasting (IRF) predicts that 3.7 million people and 1.5 million jobs will be added to the eight-county Houston MSA over the next 25 years.
Additionally, Houston will experience a growth at 2.5 percent per year between now and 2020, increasing the population from its current 5.1 million to 7.4 million. At the same time, about 700,000 jobs will be created in the area, according to the IRF annual long-term forecast.
By 2035, IRF estimates that the area will include four million jobs and 9.5 million people.
Houston will also continue to follow a decentralization trend, with suburban counties receiving a growing number of new jobs and population growth. These counties have recently captured about 44 percent of all employment growth and 51 percent of all population growth.

The Real Estate Center is part of the Mays Business School at Texas A&M University in College Station - the heart of the Research Valley.
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