According to the Federal Reserve Bank of Dallas business-cycle index, economic activity in the Houston metropolitan area grew at
an annualized rate of 4.6 percent in March. The global economy continues to decelerate, but emerging economies are expected to
remain primary drivers of demand growth for energy and exports. Furthermore, local real estate markets, save for single family and
retail, seem to be shedding the last shadows of the Great Recession. Given strengthening real estate, good energy prices and resilient international trade, the outlook for Houston remains positive..
Read more...Houston Economic Update May 2012 via FRB of Dallas
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