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Northeast HoustonTRANSCRIPT
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
Waking The Sleeping Giant ULI Luncheon Northeast Houston
February 26, 2015
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
Waking the Sleeping Giant Northeast Houston Housing Market Share
0%
2%
4%
6%
8%
10%
12%
14%
16%
0
200
400
600
800
1000
1200
1400
1600
1800
2000
1Q00
3Q00
1Q01
3Q01
1Q02
3Q02
1Q03
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1Q04
3Q04
1Q05
3Q05
1Q06
3Q06
1Q07
3Q07
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1Q09
3Q09
1Q10
3Q10
1Q11
3Q11
1Q12
3Q12
1Q13
3Q13
1Q14
3Q14
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
511 Starts 454 VDLs 1,000 Futures $81.26/SF
729 Starts 590 VDLs 6,051 Futures $100.91/SF
578 Starts 675 VDLs 500 Futures $80.67/SF
1.354 Starts 1,957 VDLs 12,892 Futures $97.97/SF
79 Starts 745 VDLs 1,743 Futures $84.54/SF
Porter/New Caney
I-10 East North
Lake Houston West
Lake Houston East
Aldine Westfield
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
The Groves $115-$140/SF
Bridges on Lake Houston $120-$125/SF
Lakewood Pines $100-$125/SF
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
Sienna Plantation - $133
Gleannloch Farms $122
Aliana - $126
Woodforest $134
Vintage - $128
Towne Lake- $126
Bridgeland - $135
Cinco Ranch - $139
Firethorne - $123
Cross Creek Ranch - $135
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
Woodlands (2 yrs)
Bridgeland (20+ yrs)
Cross Creek Ranch (10 yrs)
Towne Lake Cypress Creek Lakes
(3-5 yrs)
Harmony (8 yrs)
Aliana (12 yrs)
Kingland 8,673 ac
Riverstone (2 yrs)
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
Source: UH Institute for Regional Forecasting, Jan 2015
FORECAST
“Energy in Houston is not just something that happens in an office building on the Katy Freeway.”
• 41.9% of the U.S. base petrochemical manufacturing capacity • 400+ chemical plants • 33,000+ employees (refining & chemicals) • Several thousand miles of product pipeline connecting 200 chemical plants,
refineries, salt domes and fractionation plants • ExxonMobil and Chevron each have $6B plants under construction in
Baytown • $90 billion in proposed shale-related petrochemical plants • $50 billion in proposed LNG plants, construction peaking in 2016-2017 • 1 job in petrochemical manufacturing creates about 2x jobs as 1 job in E&P • Generation Park: 4,000 acres + local HQ for FMC
Copyright Metrostudy, a Hanley Wood Company 2015 | February 26, 2015 | Waking the Sleeping Giant- ULI Luncheon
8
…now you know