The Houston Chronicle investigates the Houston-Area real estate market, finding signs of the oil slump's effect on a formerly hot market.
"Houston-area home sales fell 8.8 percent in July, the most severe decline since last winter and a sign that the oil slump finally may be catching up with the housing market," reports Nancy Sarnoff.
"The July drop follows months of relative stability in the property market, which defied the impact of low crude prices that have bankrupt scores of energy companies and resulted in layoffs across the region," adds Sarnoff.
So far, local economic efforts are describing the trend as a yellow flag, but that could change to a red flag if the year-over-year drop continues for a few more months.
FULL STORY: Houston housing market takes summertime hit
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Ohio Forces Data Centers to Prepay for Power
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Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
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