Housing market in Houston TX

[Tariq Bakroun]

I have been watching the housing market in Houston for some time now and noticed that the demand for homes is low and that homes tend to stay on the market for considerable amount of time before they sell. 

Is Houston a good area to consider purchasing real estate?

I am in the process of purchasing a vacant lot in Houston zoned residential/multi family. The intent is to construct residential units and put them up for rent or sell depending on the market. Any recommendations? 

Thanks,

Tariq