Houston hotel market, worst in U.S., faces pain from Harvey

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The challenges for Houston’s hotel industry are tied to depressed oil prices. The fourth-largest city in the U.S., Houston is also the nation’s energy capital. Occupancy and room rates in the city have been depressed for three years, according to Bloomberg.

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Whether it’s the threat of nuclear war, hurricanes, or Russian meddling, it seems nothing can unnerve investors bent on pushing the U.S. stock market higher. ravaged Houston, locals were still.

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Harvey boosts hotel market across northwest Houston. By Tamra Santana, For the Chronicle. Updated 1:36 pm CDT, Thursday, October 19, 2017

Rising prices narrow home value perception gap in September People on the move: April 14 Construction authorizations for single-family homes continue falling Expect kansas city-metro home prices to continue to rise through. to take their toll on new home construction activity," the report said. "New single-family permits in the Kansas City area are.In the North, people worship the Old. Winterfell and the Night King on the move, will Melisandre and her Lord of the Light come to the rescue? Fans will find out when Game of Thrones returns on.Consumers expecting lower mortgage rates less optimistic about buying There’s a lot for homebuyers to be optimistic about as we head into February. Mortgage rates hit their lowest monthly average in nearly. and with the hot spring buying market nearly upon us, buyers.Appraised values were an average of 1.93% lower than what homeowners expected, according to Quicken loans’ national home price perception index (hppi). The gap between estimated value and.

But the worst was yet to come. Lingering over Houston, the nation’s fourth-largest city, Harvey’s record rainfall – the most ever recorded from a single storm in the U.S. – proved catastrophic..

 · Three months after Hurricane Harvey churned through Texas, dumping 51 inches of rain and damaging an estimated 150,000 homes, the state’s most populous county took a.

Hurricane Harvey is expected to be one of the costliest storms in U.S. history in terms of economic losses. Massive flooding caused by Harvey along Texas’ refinery-rich coast could have long.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling.

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Houston’s pension problem is comparatively stable. It’s actually an amalgamation of three pension problems – its separate municipal, police and firefighter funds. The Houston Municipal Employees.

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UPDATE: Stats On Rainfall And Damage Show Harvey’s Impact In Texas Harvey ravaged southern Texas with record rainfall, damaged homes and flooded neighborhoods since making landfall on Aug. 25.