Never pass up a chance to sit down or relieve yourself. -old Apache saying

Sunday, May 4, 2008

Houston Recession-Proof?

According to Forbes (a bit more authoritative than Fox Business News), Houston ranks #7 out of the Top 10 Recession-Proof cities in the U.S.

I believe it. With Austin, Dallas, and San Antonio also in the Top 10, what I don't understand is why everyone else up north hasn't moved south yet. You guys must really like cold weather!


7. Houston, Texas

Median home price: +1.1%

Unemployment: 4.2% (from 4.5%)

Key growth: Natural resources, +5.9%; construction, +4.7%

Call it Energy City, USA. Houston's economy has been so robust that it's one of the few cities in the country where manufacturing is growing. The city's future is heavily tied to energy, as the home to ConocoPhillips, Marathon Oil, Plains All American Pipeline, Halliburton (grrr) and Reliant Energy.

Full story here.

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