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    An American Dreamer

    The Microsoft of beauty: Farouk Shami's hair-raising empire builds a collegecosmetology school

    Kim Davis
    Nov 14, 2012 | 6:01 am
    • From left, Steve Head, president of Lone Star College-North Harris; FaroukShami, founder and executive chairman of Farouk Systems; Basim Shami, CEO ofFarouk Systems; Dr. Richard Carpenter, Lone Star College System chancellor, atthe groundbreaking.
      Photo courtesy of Lone Star College-North Harris
    • The CHI Lone Star College-North Harris School of Cosmetology is set to open inthe spring of 2013.
      Courtesy rendering
    • U.S. Representatives Sheila Jackson and Gene Greee joined in the groundbreaking,
      Photo courtesy of Lone Star College-North Harris
    • A rendering of the new building.
      Courtesy rendering

    Farouk Shami is a man who loves style, business and prides himself with having great vision. Many know him as the “CHI Man,” but he is known in the beauty industry and the business world as much more.

    Congressman Gene Green calls Shami “an American hero who has taken America to heart.” Congresswoman Shelia Jackson Lee praises Shami’s “corporate social responsibility.” All this on the day Farouk Systems broke ground for a new school of cosmetology.

    “Education is the best ammunition we can give to our future generation. We will share how to run a business; how to run a salon; how to retail (products); and how to communicate with clients.”

    Shami, founder and chairman of Farouk Systems, revealed plans to expand the company’s partnership with Lone Star College-North Harris and create the first CHI Lone Star College-North Harris School of Cosmetology. The school is set to open in the spring of 2013.

    “Education is the foundation for success and innovation,” says Shami, the presenting sponsor of the Miss USA Pageant. “The practical work is what will distinguish this cosmetology school from others. Teaching (students) not just as artist but business people. ”

    LCS-North Harris first partnered with Farouk Systems in 2010 and provided professional development for instructors, CHI products for students and expanded career opportunities for its graduates. It’s a relationship that benefits both parties.

    “Our initial agreement with Farouk Systems was the first of its kind and place us on the leading edge of community college partnerships,” says Steve Head, president of LSC-North Harris.

    Under the new agreement, both entities will combine to provide $140,000 in scholarships for cosmetology students.

    Room to grow

    Head says they expect about 35 students in the first class, but they have the capacity for 100 students in the program each year. They also plan to offer training in related fields like nails, lashes and massage therapy. It’s all about building a business in a growing industry.

    Shami told the crowd he has been a proud hairdresser for 48 years. He calls it an honorable profession that lends itself to business independence and good profit margins. When he talks about the hair and beauty industry he goes beyond the surface and that’s what he expects this new school to do.

    He went on to say, “Farouk Systems is like the Microsoft or Apple of the beauty industry.”

    “Here (they) will be working with our scientist,” Shami says. “Education is the best ammunition we can give to our future generation. We will share how to run a business; how to run a salon; how to retail (products); and how to communicate with clients.”

    “Student success, innovation and partnerships are fundamental to the vision for Lone Star College System,” says Dr. Richard Carpenter, LSCS chancellor. “Our work with Farouk Systems has proven to advance our goals in each of those areas, and I expect this new initiative to continue that trend.”

    Shami says environment, education and ethics are important parts of the business. He talked about the 7000 trees the company planted in Uvalde to provide product for one of his lines. He went on to say “Farouk Systems is like the Microsoft or Apple of the beauty industry.”

    In the midst of the celebration, Shami took a moment to acknowledge the loss of life and property along the east coast in the wake of Hurricane Sandy. In response he says, “We are immediately sending $1 million worth of product to the northeast.

    “One of the responsibilities for anyone reaching the American dream is the responsibility for family, our immediate community, city, county, state and country. We are honored to be an American company that is living and experiencing the American dream.”

    Shami’s dream led him to build Farouk Systems, a Houston based company that manufactures professional hair care products. It is owned by a team of hairdressers, includes more than 2,000 educators and sells its products in more than 100 countries.

    Kim Davis is a journalist with more than two decades of experience covering sports, news and politics in television, radio and print. Kim does weekly "Chalk Talk" segments on Fox 26 Morning News. Follow her on Twitter @kimydavis.

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    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
    real estatehousing affordabilityreal estate reporthousing prices
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