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Houston Chronicle: New Job and Home Sales Data Signal Houston Economy is Stabilizing

December 19, 2009
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The Houston Chronicle reported Friday that new job and real estate data seem to indicate the Houston economy is starting to stabilize.

The article says area employers added more jobs than they cut for three consecutive months, according to data released Friday by the Texas Workforce Commission.

There’s encouraging news in real estate too: November home sales shot up close to the level they were before the recession took hold.

The article states, “After bottoming out in the summer, the Houston-area economy is showing signs of stability.

Area employers added more jobs than they cut for three consecutive months, according to data released Friday by the Texas Workforce Commission, leading some economic observers to point toward a better 2010.

‘It won’t come back overnight,’ said University of Houston economics professor Barton Smith. He added that while he has been predicting better times for 2010, his outlook has brightened considerably during the past six weeks.”

To read the full article on the Houston Chronicle’s website, please click here.

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This post was written by Sandcastle Homes

I just moved into my new Sandcastle home and I think it’s a wonderful place to live. They have been very helpful, particularly Lynette and Steve. From the owner Mike Salomen down, it has been a truly positive experience. I would highly recommend anyone who wants to buy a new home that is built of high quality to consider this home builder.

Neal Massey

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