BREAKING NEWS

Nation’s Apartment Rents Sluggish

OHT Partners Breaks Ground

RNR Real Estate Briefs – Texas & more

Former Schlitterbahn Becoming Resort Community

RNR Real Estate Briefs – Texas & more

Midway and Parkway Form New Company

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Greater Houston Partnership Revises Job Forecast

by Realty News ReportJuly 6, 2015
Share0

HOUSTON – The Greater Houston Partnership has revised its annual job growth forecast for 2015, issuing a prediction that the Houston area will gain only 20,000 to 30,000 new jobs this year. At the end of 2014, the Partnership had predicted 62,900 new jobs for 2015.

In explanation of his downward revision, the partnership’s economist Patrick Jankowski said the North American rig count had dropped by 1,000 rigs, instead of the anticipated 500 rigs and energy companies had slashed exploration budgets deeper than expected.

However, the Partnership has been known to be off-target with its forecast. It had predicted 69,800 for 2014, far short of the 107,400 jobs Houston actually gained in last year.

Marcus & Millichap predicted Houston will gain 50,000 new jobs in 2015, a reasonable forecast that is likely to be fairly accurate.  (Editor’s note: Marcus & Millichap has been accurate in the past and Realty News Report is in agreement with its 2015 job forecast for Houston.)

Share0
previous post
Home Sales up 36 Percent for LGI
next post
Whitestone REIT Buys Austin Retail Centers for $45M

Related posts

Nation’s Apartment Rents Sluggish

Realty News ReportJune 4, 2023

OHT Partners Breaks Ground

Realty News ReportMay 27, 2023

RNR Real Estate Briefs – Texas & more

Realty News ReportMay 26, 2023

1 comment

Greater Houston Partnership Revises Job Forecast (Realty News Report) « HARtbeat July 6, 2015 at 2:53 pm

[…] Click Here to Continue Reading […]

Reply

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact