Parts of the Houston economy are showing promising signs of recovery and the local outlook is strong for sectors such as single-family housing. But in other segments of the real estate market such as office and retail, the forecast is concerning as new construction pushes vacancy up.
These and other topics were part of the latest Economic Update from the Partnership’s Senior Vice President of Research Patrick Jankowski on August 25. Jankowski gave an overview of the current national and local landscape before honing in on the real estate market.
Here are a few takeaways:
Jankowski provides a monthly economic update available to members of the Partnership. Members can watch his full presentation available via the Member Portal. To learn more about membership, visit the membership page. Get additional data and analysis from our Research team and read Jankowski’s latest Economy at a Glance focused on the impact of the energy sector on Houston.