Houston hotel market, worst in U.S., faces pain from Harvey

Housing starts cooled in February after robust January For January, that is. The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and housing corporation (cmhc).This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

Houston ranks No. 5 among U.S. cities with the most hotel rooms under construction, according to STR. Work is underway on 4,475 new hotel rooms, the equivalent of about 5 percent of the city’s.

With one exception: Houston is the only top 25 market where no growth is expected in revenue per available room.

The Houston economy, shaking off the oil bust and rebounding from Hurricane Harvey, could create as many 70,000 jobs next year and return to a normal pace of employment growth after the worst.

Headlines have been filled with the aftermath of Hurricane Harvey. The flooded homes. The washed-out cars. The displaced souls. And the refinery closures — representing about a fifth of U.S. capacity.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling.

Residents were transported to City Hall and the First Baptist Church for transport to the Brown Convention Center in Houston. Tropical Storm Harvey continued to dump copious amounts of rain on the.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling from.

The decision vindicates the U.S. Federal Trade Commission two years after it filed its antitrust lawsuit against the San Diego chipmaker. It’s a potentially costly setback for Qualcomm, as the.

UPDATE: Stats On Rainfall And Damage Show Harvey’s Impact In Texas Harvey ravaged southern Texas with record rainfall, damaged homes and flooded neighborhoods since making landfall on Aug. 25.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling from low oil prices for the past three years.

Dallas FHLB provides funds to assist with Harvey relief efforts The proceeds raised will be split between the Hurricane Harvey Relief Fund and S.A.V.E. Rescue Coalition, a nonprofit consisting of 100 percent volunteer efforts that reunites. which will provide.

U.S. fracking continues to soar, and some point the clash between U.S. production and russian/saudi market share must come to a head again. Without any guarantees on the price of oil, Figure 19 sets up three scenarios for forecasting oil prices and the Houston economic outlook.

Renter optimism raises housing market confidence People on the move: April 20 Image Gallery for People on the Move, April 2, 2017.. including the 20th anniversary celebration committee to mark the anniversary of the doctoral program in human development. Richards-Service.Americans began to feel less confident in the housing economy as 2017 came to a close, reversing the increase in optimism from the previous month, according to Fannie Mae’s Home Purchase.