Economic Expansion Decelerates in Houston but Fundamentals Still Solid

by CoyDavidson on January 17, 2013

houston

Houston  Economic Indicators – January 2013

The Houston Business-Cycle Index decelerated to a 4.4 percent growth rate in November, implying a slowing expansion in the region. Energy-related activities, construction and international trade continue to propel growth. Regulatory uncertainty, the U.S. fiscal situation and stresses in the global economy cloud the horizon, but area industry fundamentals are firmer than they were in much of 2012.

2012 is shaping up to be a banner year for Houston employment growth. Although it slowed in November, monthly employment growth averaged 3.7 percent over the year. Construction, health care, and leisure and hospitality continued to lead growth in November.

Houston Economic Indicators – January 2013 by Coy Davidson

  • The situation is pretty much the same here in San Diego. All predictions point to steady, if gradual growth in residential and commercial real estate 2013. I’m guessing the story is the same in all major real estate markets throughout the US.

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