In my post Lucky #7, I told you that Forbes.com had found the Houston area to be one of the most recession proof cities in the nation. Circumstances have improved since that report. Houston now has the strongest economy in the nation!
The Chicago Tribune has published an article (Houston Doesn't Have a Problem) about the strong economy in Houston. Newsweek (Houston, We Have No Problems) and the Washington Post (Houston's Pipelines of Prosperity) have published articles on the Houston economy as well.
The economic turn down and energy crisis has affected the majority of the states but in Houston the energy crisis has actually stimulated our economy. The Houston economy is no "bubble". The City of Houston has worked hard to provide a quality lifestyle for its citizens. If you are going to enjoy a quality lifestyle, there must also be jobs available and, jobs there are. Job growth has increased by 2.8% in the past year alone.
The City of Houston, after suffering the economic oil boom and bust in the 1980s, has worked to diversify its economy and to place itself in the top of the global market. Exports are on the rise and technology is in the forefront, providing white collar jobs with high pay for the skilled professional. The trickle down effect will provide more jobs in all sectors, such as health care, retail sales and services. The predictions for the Houston economy, as well as for the great state of Texas, are that we will experience a robust economy through the year 2030.
The Houston real estate market is expected to stay ahead of the nation with affordable housing for its work force as well. Affordable living is available, throughout my favorite part of the Houston area, Kingwood (by the way, Forbes Thinks So Too). My community, The Livable Forest, stands as a model to the rest of the nation; not only as a premier master planned community, but also as example of how a modern society can blend with nature (My Backyard).
Since its frontier days, the Lone Star State has had a reputation for its individualism and for standing tall and separate from the rest. Today is no exception. Now we stand taller than all the rest in the economic sector.
If you are not already living in Houston, maybe you should consider taking a boat, plane, train or automobile and get her as fast as you can.
Comments(1)