- Texas On Pace To Set Another Home Sales Record This Year, According to Texas Annual Housing Report [Culturemap]
- Growth in Health Care, Construction To Alleviate Effects of Oil Slump in 2016, Forecasts Greater Houston Partnership [Houston Chronicle]
- Dinerstein, Hanover Both Planning High-Rise Apartment Towers at Intersection of Post Oak Blvd. and San Felipe [Realty News Report]
- Atlanta-Based Cortland Partners Planning To Acquire Apartment Properties, Develop Multifamily Project in Houston Next Year [HBJ]
- DeLuxe Theater To Mark $5.5M Restoration Next Week [Houston Chronicle]
- Kinder Institute To Study Role That Private Development Has Played in Houston’s Growth [The Urban Edge]
- Metro Fine-Tuning Bus Network Changes Based on Rider and Bus Driver Feedback [Houston Public Media]
- Avoid These 5 Houston Roads This Holiday Season [Houston Press]
- Houston’s Most Fascinating People of 2015 [Houston Chronicle]
Photo of Twilight Epiphany Skyspace at Rice University: Jan Buchholtz via Swamplot Flickr Pool
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Sounds risky to me if we’re just supposed to believe that a huge loss of high-income jobs in this city will be easily replaced with lower income health & construction jobs to keep growth churning forward. A large portion of health care & construction growth was tied to population growth caused by the high income O&G jobs so it will be interesting next year and we know the construction jobs are all temporary for 2016 only. Not saying we will be in a recession, but there’s definitely a high risk of us starting to slide in that direction late next year if things don’t change with the dollar & oil.
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Hopefully we could start energy exports to keep PoH growing as well, but exports have been losing market share all year long and it’s only going to get more brutalnext year with the strong dollar.
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I though job growth was practically nothing this past year? Is the continued population growth just newborns or are we actually still creating a net positive on jobs?