Monday, December 17, 2012

Houston economy and multifamily construction rising via Your Houston News

The Brookings Global MetroMonitor announced its 2011-12 ranking of the largest 300 metropolitan economies worldwide, and the Houston area ranks the highest among U.S. cities. From 2007-11, Houston ranked 194. Houston’s 2012 ranking is 40th.

The Brookings Institute said, “Houston has partially recovered from a major recession, outperforming the United States on employment change.”

Macau, China, came in at No. 1 this year. In the United States, Houston was followed by San Jose, Calif., at 46; Salt Lake City at 56; and Louisville, Ky., at 57. In Texas, Austin ranked 61st, Dallas 91st and San Antonio at 144th. San Juan, Puerto Rico, a U.S. territory, came in at a high status of seventh in the world.

Read more...Houston economy and multifamily construction rising - Your Houston News: Opinion

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