Houma-Bayou Cane-Thibodaux, LA
Executive Summary
Houma's housing market shows average risk, ranking 64th of 274 metros. The market recently entered Recovery. Inventory is growing moderately (-11% YoY) with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.
Houma experienced a market correction from early 2024 through mid-2024. The market is currently recovering.
Inventory is declining (-11% YoY), indicating a tight market with limited supply.
Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.
Cycle Phase
Market conditions are rebuilding after a correction period
Key Dynamics
Risk is primarily driven by price momentum and employment, while permit growth provides the most support.
Top Drivers
Market Signals
Inventory is declining (-11% YoY), indicating a tight market with limited supply.
Liquidity
Valuation
Factor Details
12-month HPI change — higher = overheating
YoY permit change — higher = supply pressure
Permits per 1,000 residents — higher = overbuilding risk
Mortgage payment / income — higher = more burdened
12-month employment change (risk inverted)
Net AGI migration (risk inverted)
National Context
Credit Conditions
Credit Regime
Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.
Supply Pipeline
Supply Regime
Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.
Local Signals
Metro Permit Activity
Permit Activity
CoolingRaw signal — not the composite percentile
Relative to 2016–2019 norms for this metro
Based on limited permit volume
Builders are pulling back but demand remains healthy. A supply constraint could form — fewer new units entering a market that is still absorbing well.
Employment Concentration
Employment
DiversifiedInternal Structure
County-level structural analysis.
County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.
Score History
| Month | Score |
|---|---|
| 2026-05 | 54 |
| 2025-12 | 51 |
| 2025-11 | 58 |
| 2025-10 | 62 |
| 2025-09 | 55 |
| 2025-07 | 59 |
| 2025-06 | 56 |
| 2025-04 | 54 |
| 2025-01 | 52 |
| 2024-12 | 47 |
| 2024-11 | 48 |
| 2024-10 | 48 |
| 2024-08 | 50 |
| 2024-06 | 50 |
| 2024-04 | 50 |
| 2024-02 | 47 |
| 2024-01 | 47 |
| 2023-11 | 46 |
| 2023-08 | 40 |
| 2023-05 | 43 |
| 2023-02 | 42 |
| 2023-01 | 40 |
| 2022-11 | 42 |
| 2022-08 | 55 |
| 2022-06 | 54 |
| 2022-03 | 56 |
| 2021-12 | 51 |
| 2021-10 | 51 |
| 2021-09 | 52 |
| 2021-07 | 47 |
| 2021-04 | 52 |
| 2021-02 | 48 |
| 2021-01 | 48 |
| 2020-11 | 52 |
| 2020-09 | 58 |
| 2020-07 | 56 |
| 2020-04 | 48 |
| 2020-03 | 56 |
| 2020-01 | 54 |
| 2019-10 | 54 |
| 2019-08 | 51 |
| 2019-06 | 56 |
| 2019-04 | 56 |
| 2019-01 | 55 |