What we reported
The Lake Houston area is home to employers from the upstream and downstream industries, causing a split a economic success amid a prolonged oil price slump since 2014. When oil prices are down, downstream oil companies—such as the refineries and petrochemical plants in east Houston—are unaffected while upstream companies suffer, said Bruce McClenny, president and CEO of Apartment Data Services.
What’s Next
The Houston region will continue to have a growing economy as the health care sector grows and the real estate market remains steady, according to the Greater Houston Partnership.
This story is one update from The January Issue. View the full list of 5 things to look for here.
