Page 28 - 2025 Housing Forecast

San Antonio
2025 Housing Forecast
San Antonio Economy
Bryan Glasshagel
Employment Growth Positive, But Declining in Texas
Houston MSA
November 2024
November 2023
November 2022
Dallas-Ft. Worth MSA
November 2024
November 2023
November 2022
62,500
YOY Non-Farm Employment Growth
4.5% Unemployment Rate
95,300
YOY Non-Farm Employment Growth
3.8% Unemployment Rate
Austin MSA
158,100 YOY Non-Farm Employment Growth
4.1% Unemployment Rate
64,500
YOY Non-Farm Employment Growth
4.0% Unemployment Rate
95,300
YOY Non-Farm Employment Growth
3.4% Unemployment Rate
215,400 YOY Non-Farm Employment Growth
3.5% Unemployment Rate
November 2024
November 2023
November 2022
November 2024
November 2023
November 2022
21,200
YOY Non-Farm Employment Growth
3.5% Unemployment Rate
43,300
YOY Non-Farm Employment Growth
3.0% Unemployment Rate
85,400
YOY Non-Farm Employment Growth
2.9% Unemployment Rate
26,200
YOY Non-Farm Employment Growth
3.9% Unemployment Rate
35,000
YOY Non-Farm Employment Growth
3.3% Unemployment Rate
48,800
YOY Non-Farm Employment Growth
3.7% Unemployment Rate
Source: Bureau of Labor Statistics; Texas Workforce Commission
San Antonio MSA
Job Growth & Unemployment Levels Are Stable
Employment Growth is Mostly Positive – But Watch Higher Pay Sectors
Source: Texas LMI
© 2022 Zonda
Source: Texas LMI
© 2022 Zonda
90,000
5.0%
8,000 80,000
3.9% 4.5%
ht 7,000 w ot 70,000
h rGw 3.1%
4.0%
3.5%
6,000 ne aG t etor y tnne m Rt 60,000
50,000
3.0%
5,000 olp em 37,200
2.5%
my 4,000 mE yol olp mpm 40,000
26,200
raFmeE 2.0%
3,000 -n Ur 30,000
oF 1.5%
nm N -n a 2,000 ON Yo 20,000
1.0%
1,000 Ylau 10,000
0.5%
n 0 0
0.0%
nA -1,000
7,000
YOY Job Growth
Unemployment Rate
2,000
Activities Financial
2,100
Professional & Business Services
2,500
-100 Information
Health Services
Education &
Government
Hospitality
Leisure &
Manufacturing
Other Services
Trade, Transp. and Utilities
1,000
Construction & Mining
1,000
4,900
4,200
1,600
Initial Unemployment Claims Remain Low
1,400 1,200 1,000
800 600 400 200
0
Source: Texas LMI
© 2022 Zonda
Metroplex 2.0 is Coming – Combined San Antonio & Austin MSAs
Population
5.4 Million Residents
Households
28
2025 HOUSING FORECAST
Source: Moody’s; KLRN-TV
Copyright Zonda 2025
2.0 Million Households
Employment
2.5 Million Jobs
Building Permits
44,500 Permits Issued