Houston’s Monthly Metrics: December 2015
The following article originally appeared in the December newsletter to clients of Kiley Advisors, LLC for the purpose of providing the latest leading indicators and industry issues to those clients. Reprinted with permission.
On November 12th, Dr. Bill Gilmer gave his forecast for 2016, and despite Houston's attempts to diversify since the 1980's, oil remains a dominant factor in the Houston economy. As such, the price of oil will directly impact how fast Houston recovers from the recent downturn. And while Dr. Gilmer does not yet see a recession for the Houston area, he does expect continued slow growth going forward, with lower job growth and population growth projections in 2016. [node:read-more:link]