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1. • • Growth will be slower in ’24 than ’23. Higher interest rates, ongoing labor shortages, reductions in government spending, tighter lending standards, and turmoil in commercial real estate will weigh on the economy. If the U.S. slows, so will Houston.
     www.houston.org/houston-data/economy-glance-january-2024

     Economy at a Glance - January 2024 - Greater Houston Partnership

2. People also ask

   What developments will impact Houston's economy in 2024?

   • Looking ahead, here are a few developments that will impact Houston’s economy in 2024. Arco Del Tiempo Serving as the centerpiece in Houston’s East End Guadalupe Plaza Park, Arco Del Tiempo is a new environmentally sustainable art installation aiming to advance the region’s transition to an energy abundant future.

   Rising in Houston: Projects to Look Forward to in 2024 and Beyond

   www.houston.org/news/rising-houston-projects-look-forward-2024-and-beyond

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   How many jobs did Houston get in 2023?

   • The high note for the year was Houston metro employment reached 3.4 million, marking a new all-time record for the region. Job gains for 2023 are now estimated at 70,100 jobs, well below what the region created in the previous two record years of 145,700 jobs in 2022 and 172,000 jobs in 2021 as the 2020 pandemic losses were regained.

   Houston Economic Outlook | 2023 - 2024 - Colliers

   www.colliers.com/en/research/houston/2023-2024-houston-economic-outlook

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   What will Houston look like in 2024-25?

   • In 2024-25, Houston's economy is expected to remain healthy but much slower than recent years, with job growth settling in near 55,000 jobs. For Houston, these trends represent a return to long-term growth.

   Houston Waiting for the Recession: How Soon? How Deep? | Institute for

   www.bauer.uh.edu/centers/irf/houston-updates.php

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   Why is Houston's spending high in 2023?

   • In early 2023, Houston's inflation-adjusted spending began to slow down despite high levels of liquidity. By year-end, City inflation-adjusted tax revenues were $4.89 million per month below the January 2023 peak, representing a 7.5 percent decrease.

   Houston Waiting for the Recession: How Soon? How Deep? | Institute for

   www.bauer.uh.edu/centers/irf/houston-updates.php

   See all results for this question

   What industries grew the most in Houston in 2023?

   • Overall, the Houston MSA recorded a 2.1% annual increase in employment. Specific industries showing the largest annual increases during 2023 include Private Education and Health Services with a 5.9% annual jump.

   Houston Economic Outlook | 2023 - 2024 - Colliers

   www.colliers.com/en/research/houston/2023-2024-houston-economic-outlook

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   What's going on in Houston in 2024?

   • Here's a look at game-changing projects planned for Houston in 2024 and beyond. Texas A&M University plans to build a new research and training facility that will help humans prepare to return to the moon.

   20 major developments headed for Houston in 2024 and beyond

   www.houstonchronicle.com/projects/2023/visuals/houston-developments-2024-beyond/

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3. www.houston.org › news › rising-houston-projectsRising in Houston: Projects to Look Forward to in 2024 and Beyond

   www.houston.org › news › rising-houston-projects

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   Apr 8, 2024 · Looking ahead, here are a few developments that will impact Houston’s economy in 2024. Arco Del Tiempo. Serving as the centerpiece in Houston’s East End Guadalupe Plaza Park, Arco Del Tiempo is a new environmentally sustainable art installation aiming to advance the region’s transition to an energy abundant future.

   • Economy at a Glance - September 2024 - houston.org

     In this issue of Houston: The Economy at a Glance, we...

   • Houston Forecasted to Add Approximately 57,000 Jobs in 2024 ...

     According to the forecast, job losses in 2024 will occur in...

4. www.colliers.com › en › researchHouston Economic Outlook | 2023 - 2024 - Colliers

   www.colliers.com › en › research

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   Feb 14, 2024 · Currently at more than 7.3 million people, Houston’s strong economy combined with the low cost of living draws new residents to the area. Houston’s racial diversity is 62% higher than the national average for an area of equivalent size, with more than 90 different nations represented.

5. www.houston.org › economy-glance-september-2024Economy at a Glance - September 2024 - houston.org

   www.houston.org › economy-glance-september-2024

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   In this issue of Houston: The Economy at a Glance, we examine the impact of the Fracking Boom and Bust on Houston, latest energy transition investments in Houston, recent employment trends and how Houston’s cost of living compares with other metros.

6. www.bauer.uh.edu › centers › irfA Soft-Landing for Houston Led by Moderating US Growth: A ...

   www.bauer.uh.edu › centers › irf

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   Sep 14, 2024 · Soft Landing Confirmed for Houston in 2024: But How Soft Will It Be? September 14, 2024. Over the past year, our economic outlook for Houston has focused on the long employment slowdown that began with the post-COVID peak in job growth in April 2022 and the final return of 362,400 pandemic job losses.

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8. www.houstonchronicle.com › projects › 202320 major developments headed for Houston in 2024 and beyond

   www.houstonchronicle.com › projects › 2023

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   Sep 21, 2023 · 20 major developments headed for Houston in 2024 and beyond By Katherine Feser. Updated: 9 a.m. Sept. 21, 2023. Courtesy. Houston is constantly transforming, and these 20 major developments...

9. www.houston.org › news › houston-forecasted-addHouston Forecasted to Add Approximately 57,000 Jobs in 2024 ...

   www.houston.org › news › houston-forecasted-add

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   Dec 6, 2023 · According to the forecast, job losses in 2024 will occur in construction, finance and insurance, information, and real estate – industries impacted by higher interest rates, tighter lending standards and ongoing labor shortages.

10. www.dallasfed.org › research › indicatorsHouston Economic Indicators - Dallasfed.org

    www.dallasfed.org › research › indicators

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    Jan 11, 2024 · The Houston economy had 98,213 more workers in November 2023 than November 2022, a 3.0 percent increase that pushed local employment over 3.4 million for the first time. A number of sectors contributed to the growth, which was led by the service industries.