UH Bauer College Institute for Regional Forecasting – Robert W. Gilmer, Ph.D., Speaker


Takeaway: Houston’s economy is on a solid footing moving forward, although there is lingering weakness in office and in multi-family as Harvey occupancy dissipates.


  • Houston has moved into a new growth cycle, although oil prices are subject to international political risk, and improved technology can find and produce more oil with fewer rigs and fewer jobs
  • Oil jobs are returning, but slowly and the industrial sector has still not gotten over the loss of oil fieldrelated shrinkage of manufacturing space; there is no anticipated return of oil & gas employment to the previous peak
  • Global growth is accelerating and with it the growing need for oil & gas
  • Most of the big refining and chemical plants are complete or nearing completion; their feasibility was based on lower-cost oil & gas; jobs in that construction sector are shrinking

Click here to read the rest of this Article.