Houston Economic Update

by CoyDavidson on November 9, 2013

Houston city skyline; Houston; city skyline; Houston skyline

Houston Economy at a Glance – November 2013

The Greater Houston Partnership released its Economic Update for November and Houston is on pace for another stellar year.

Economists now have nine months of data to assess the year’s performance. All but a few in-dicators suggest ’13 will be one of the best years on record for Houston. Home sales, auto sales, residential construction, commercial leasing and airport traffic are at or nearing record levels. If Houston can maintain the momentum, ’14 will prove to be a stellar year as well. A few indicators do give pause for concern, however. The rig count has flattened. Exports have slipped. Employment growth has slowed from a sprint to a trot. And the national recovery has had so many false starts it should be disqualified.

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