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.
- 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.