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Houston, TX Economic Outlook for Feb 2010

It is no secret that we have weathered this economic meltdown way better than most other major US cities. I am proud and happy to be here in Houston, TX!

Download the February issue of: Houston -The Economy at a Glance

While Houston continues to experience job losses now, unemployment claims activity suggests that a bottom is near.

Local Recovery Beginning? — In December, according to the National Association for Purchasing Management-Houston, the Houston Purchasing Managers Index posted its ninth consecutive month of improvement and its third consecutive month of signaling production growth in the near future.

Foreclosures, Postings Still Rising — Harris County postings for foreclosure and completed foreclosures appear to have exploded in January, up 93.4 percent.

Let’s hope that the US economic conditions continue to improve over 2010. With an expanding US economy Houston, TX has no where to go but up!

What are you thoughts about the Houston economic outlook for 2010?

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