Recent data continue to affirm a more positive outlook for Houston. Several leading indicators for the region have improved, and service sector job growth is accelerating. Employment has grown in each of the past four months, though recent gains in energy have been offset by losses in construction. The health care industry continues to grow, and construction activity for that sector is likely to expand. While recent data can be revised significantly and thus should be interpreted with caution, Houston is showing broad signs of improvement.
Read more...Houston Economic Indicators November 2016 via Dallas Fed