Houston Multifamily Market Report

Oil and gas demand fuels economic growth. Energy companies are continuing to invest more in Houston. Devon and Expand Energy are moving offices in the metro, while Siemens is investing in local manufacturing for liquid and gas service equipment used to transport liquids and gas through pipes. Alongside this, Japan is backing the $2.1 billion Texas GulfLink project, which will help move oil to global markets faster and at a lower cost. Smaller companies are also participating, as startups raised $532 million in the first quarter of 2026 alone, up 49 percent year-over-year, led largely by supersized energy and decarbonization deals. Of the startup venture funding, 40 percent of it was in energy. These investments should boost energy-driven job growth, as renewed institutional investment helps underpin the metro’s long-term outlook.