Markets & EconomyRentals

Houston energy slump affecting city unevenly

Houston's economic forecast for 2016 can be divided into East and West
Published on Feb 22, 2016
  • At a recent economic summit about the straights that West Houston is in, data showed a slowdown on that side of the metro.
  • East Houston is benefiting from increased building in the petrochemical sector.
  • Some indicators point to a slowdown in Houston multifamily activity.

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by CareyBot

At a recent West Houston Economic Development Summit, 2016 was introduced as a year where the downturn in the oil industry taints the economic outlook for several other sectors of the Houston economy. It’s not ready to go bust, but the sinking feeling is definitely now shared pain ...

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