Axios Houston

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๐Ÿ”จ It's Monday. Let's do this.

โ›ˆ๏ธ Today's weather: Chance of thunderstorms. High of 87.

๐Ÿงšโ€โ™€๏ธ Sounds like: "1+1" by Naรฏka.

Today's newsletter is 811 words โ€” a 3-minute read.

1 big thing: Grads look elsewhere for jobs

A bar chart showing the change in the share of new grads applying to jobs in select cities, 2023 to 2024. New York City saw the largest increase in applicant share, up 1.35 percentage points to a total of 9.1% in 2024. Other top gainers were Texas City, Salt Lake City, and Boise. The biggest loser was Atlanta, losing 0.46 percentage points.
Data: Handshake;ย Chart: Axios Visuals

The class of 2024 is not too interested in moving to Houston, apparently.

Why it matters: More of this year's graduating college seniors are seeking the security of a government job, and fewer are applying to risky-seeming tech jobs, per campus recruitment website Handshake.

  • The class of 2024 โ€” which Axios has dubbed "the bummer generation" because of how COVID-19 warped the seminal events of their young lives โ€” just wants stability and a comfortable income, thank you.

Driving the news: Houston was among the cities that experienced the largest declines in the share of job applications from 2023 to 2024.

What they found: Job security, work-life balance, and the ability to live near family and friends are the top considerations for the class of 2024, Handshake's opinion survey and job applications data show.

Between the lines: Job growth was expected to slow down in Houston this year.

  • Metro Houston created 1,100 jobs in March. This marks one of the weakest job-growth months in the past 30 years, per the Greater Houston Partnership's analysis.

Where they're going: New York City is the most popular destination for class of 2024 applicants, attracting 9.1% of total applications โ€” up from 8% last year.

  • Washington, D.C.; Salt Lake City; and Boise, Idaho, also saw large increases in the share of job applications.
  • Dallas, Seattle, Denver and Atlanta saw the biggest decreases.

What they're saying: Christine Cruzvergara, Handshake's chief education strategy officer, tells Axios this year's college seniors have "had to be nimble, adaptable and gritty. I'm not surprised they're looking for something a bit more stable."

Methodology: Opinion data was gleaned from 2,687 students from 616 schools who answered a voluntary online survey from Handshake between March 11-24.

2. What to know about Houston's HOA fees

Map of number of community associations per state in 2023. Roughly half of all states had fewer than 4,000 such associations. California and Florida had the most, with 50,700 and 49,800, respectively.
Data: Foundation for Community Association Research; Map: Alice Feng/Axios

With roughly 23,300 housing communities in Texas, many home shoppers need to factor in homeowners association fees as part of their purchase price.

Why it matters: HOA dues can cost hundreds or, in some cases, thousands more on top of monthly mortgage payments โ€” creating another barrier for prospective homebuyers.

By the numbers: Nearly one-third of occupied homes in Texas were part of a homeowners association as of 2021, the latest data available from the Foundation for Community Association Research.

  • Texas associations collected nearly $8 billion in assessments in 2021.

Between the lines: HOA fees cover maintenance and amenities like pools and gyms, among other things, keeping the community running.

Be smart: Condominium buyers should pay close attention to the building's age, condition, location and finances, Clare Trapasso with Realtor.com tells Axios.

  • "If they're buying [in] an older building that doesn't have much in its reserve fund to pay for emergencies, and the building floods frequently or the elevator gives out, then each individual condo owner may see their monthly HOA fees go up," says Trapasso, the company's executive news editor.

What's next: If your dues change, the association board should report that in the community newsletter, website, notices or meetings, according to Thomas M. Skiba, CEO of the Community Associations Institute.

  • Typically, condo fees don't go down, unless a special assessment โ€” extra fees charged under unforeseen circumstances โ€” ends or the building gets an influx of cash, Trapasso says.

๐Ÿ“ฌ Tell us: What strict HOA rules have you dealt with? Hit reply to this email.

3. Bayou Buzz

Illustration: Allie Carl/Axios

๐Ÿ“‘ Houston ISD asked two 2023 Principals of the Year to resign as part of the district's performance-based job cuts and budget-forced reductions. The recent departures are prompting more protests and outrage from parents. (Houston Chronicle)

๐Ÿšœ Rice University broke ground on a $54.5 million building for the Jones Graduate School of Business that'll better support the school's growing student body. (Houston Business Journal)

Three Harris County Jail guards have been charged with assault for allegedly beating a man into a coma. (Houston Public Media)

4. Social Calendar

Illustration: Maura Losch/Axios

โšพ Cheer on the Astros as they kick off a 10-day homestand this evening against the Oakland Athletics.

  • First pitch today is at 7:10pm. Tickets start at $6.

๐Ÿ“ฝ๏ธ See Italian film "The Beautiful Summer" (La Bella Estate) at the monthly Italian Contemporary Film Series on Wednesday.

๐ŸŽจ Watch a documentary on the artist behind Houston's "BeSomeone" graffiti Thursday at Axelrad.

๐Ÿ‡ฌ๐Ÿ‡ท Enjoy the "rich tapestry of Hellenic culture" at the 2024 Houston Greek Fest starting at 4pm Thursday. The festival runs through Saturday at the St. Basil the Great Greek Orthodox Church.

๐Ÿšฒ Bike to work with BikeHouston and elected officials Friday.

  • Meetup is at 7:45am at the East End's Villa Arcos.

Become a newsroom insider

Illustration: Andrew Caress/Axios

Knowledge is power, and we believe in empowering our community through reliable, local journalism.

Join our membership program for just $50+ a year, and you can support our efforts to keep you in the know of what's happening around town.

  • You'll get insider notes and other perks as a thanks.

Together, we can ensure our neighbors stay informed.

5. Photos du jour: Art Bike Parade

Bubbles. Butterflies. Bikes. Photo: Jay R. Jordan/Axios

MacGregor Park transformed into a gallery of artistic, functioning bikes during the weekend.

The intrigue: Hundreds of students and community members celebrated the third annual Art Bike Parade in style.

  • Plus, rapper Bun B handed out awards for the most creative bikes.
Rapper Bun B and a student smile at the 2024 Art Bike Parade
Bun B and the lucky winner of the parade's Wow the Crowd Award. Photo: Jay R. Jordan/Axios
a colorfully decorated bike at the 2024 Art Bike Parade
Biking is serious business. Photo: Jay R. Jordan/Axios
a colorfully decorated bike at the 2024 Art Bike Parade
Davila Elementary students showed out. Photo: Jay R. Jordan/Axios

Thanks to Bob Gee for editing and Khalid Adad and Aurora Martรญnez for copy editing this newsletter.

๐Ÿš™ Shafaq is still bummed she didn't see the northern lights over the weekend. But she loved seeing everyone's photos and feeling the shared excitement of looking at the sky for another cool phenomenon.

๐Ÿšฒ Jay is always inspired by home-grown art.