|
<br />AREA OVERVIEW
<br />
<br />11-6
<br />
<br />Moderating Gas Prices Will Support Consumer Spending
<br />3.5
<br />
<br />3.0
<br />
<br />Retail gasohne pnce
<br />
<br />
<br />
<br />"''''' (rJ1
<br />
<br />
<br />2.5
<br />
<br />2.0
<br />
<br />1.5
<br />
<br />
<br />1.0
<br />
<br />0.5
<br />
<br />0.0 ,
<br />
<br />.0.5
<br />
<br />Retail employment
<br />% change year ago IL)
<br />
<br />.1.0
<br />
<br />
<br />04
<br />
<br />05
<br />
<br />06
<br />
<br />Global Impetus Drives Chemicals' Resurgence in Houston
<br />40
<br />
<br />30
<br />
<br />
<br />20
<br />
<br />10
<br />
<br />o
<br />
<br />.10
<br />
<br />.20
<br />
<br />03
<br />
<br />04
<br />
<br />05
<br />
<br />06
<br />
<br />Energy Exploration Surges Aller Early Year Pause
<br />80 800
<br />78 Texas ng counl (R) 750
<br />76 700
<br />74 650
<br />72 - 600
<br />70 550
<br />68 500
<br />66 450
<br />04 05 06
<br />
<br />Houston
<br />
<br />Houston Housing Is Still Very Strong
<br />
<br />300
<br />
<br />16(:1
<br />
<br />7.0
<br />
<br />Soorce: T ex8S Real Estate Cenler
<br />
<br />280
<br />
<br />
<br />5.0
<br />
<br />260
<br />
<br />Month" (:XC(~~:;S Ilwcntory (R}
<br />
<br />/~"'- \
<br />
<br />6.0
<br />
<br />15("
<br />
<br />6.5
<br />
<br />240
<br />
<br />220
<br />
<br />14','
<br />
<br />200
<br />
<br />180
<br />
<br />n.
<br />
<br />5.5
<br />
<br />160
<br />
<br />140
<br />
<br />12"
<br />
<br />04
<br />
<br />05
<br />
<br />06
<br />
<br />1.0
<br />
<br />lilt' III Jl LrJUSIl:;< Jll<lr"el is in good shape. l1H'n' IlllS been
<br />SOlin Illr~d('r;tl)(l]i III IhmH' sales :--.ioc(' 11ll' ~umn1Cr, \\hich h~ls k(1
<br />111,111 IIPlld.. III 111\\.;:IIH.II..... of un..old hOlJ]es aIld illl1odcrdli()Jl in
<br />IlO!!I'> pncc;.....\ild \\"1, pnces rernain high ,Iud ill\l'nlnncs 10\\, h~
<br />1))',1':'11(,11 stdntl,lrd..., P~'rmH iSSWH1U' is also up strongly lor the
<br />\ \',11 "'ll~~;;I,....t In", Ill',dlll\ dt'lnand dlld lHIJldll1~: dell\ It\ In 11)(' llH.'lnl
<br />,In,',I, \\ 1111 111;> 101';.11 l',{jll()lll~ ('~pc(t('d 10 post slc4;td~ growth in
<br />111(' u',lr IvnL, 11" ({.~riOt)~ 1'01' hOllsmg ilt'li\it~ n'm\lins solid, lilt'
<br />,dHII....tdll\ \' 01 LilHI ,lli{ll'.lS(' of <1('\('101'111('111 wil!lll;lIntain II ("Piling
<br />oil IpiLl"'''' pnl I'
<br />
<br />0.5
<br />
<br />0.0
<br />
<br />.0.5
<br />
<br />-1.0
<br />
<br />.1.5 Uptick in Delinquency Rate Reflects Katrina's Effects
<br />
<br />-2.0
<br />
<br />4.5
<br />
<br />
<br />-,
<br />
<br />.2.5 4.<
<br />
<br />.3.0
<br />
<br />4'
<br />
<br />6
<br />
<br />-3.5
<br />
<br />3.9
<br />
<br />37
<br />
<br />3.('
<br />
<br />Pf,:r caplta income growth
<br />d,;mge year ago (R)
<br />Slillr;~8 Moody's Econotny.com
<br />
<br />3,
<br />
<br />L.SI
<br />
<br />Delinquency rate, % S volume IL)
<br />Source: CreditForocastcom
<br />
<br />o
<br />
<br />27
<br />
<br />03
<br />
<br />{).:
<br />
<br />05
<br />
<br />06
<br />
<br />itt!...UlHel I ()lHl!lllllh tlfe broadly jloSltl\/' 1J) Hot, Lstllnatt'd
<br />p\'I \ dlllla lJj{IJJll~' .r!!\\ 111 III the llIetro iHt';;! (ontmllt'd to gr()\\
<br />,11 d"; ,ll n.kl':llll1g 11;1 IhrOll;,:h Ihe flrsl hiliI' of thIS )('dr. Ilw
<br />(h'II!"'jllt'llt ~ 1".11\' 11,1' tl\1..('(1 up Itlls ~e;lJ'. hut lIti... IS .111 itrll1'icial
<br />r('hlililld IrOl!1 Ilh' ',ii.l!P pust'''-itlrina tllp ill ddinqu('lH.ies III OW
<br />Jill!: 111 qll,tl'tl'f ',I 1<1:--.1 \ \'dl', (.lIIlSUlllt'r spending IlHHI4'raled t hrou,!.dl
<br />ll'lt ',I,lllltl'Wr ,I" lng!i ',.1:--. IJI'I('I':-' took. lheir loll. but "Jwnding has
<br />,drl ,lih n:"'1)111),lnl f)(J'11I\cly In 10\\('1' ).~.:t<.; pnn's in lht' past I\\n
<br />J:IiII)~l1" Icm ,,'liOt;:, i' 1)/1 honw ('qull~ \\llhdra\\i11 and ,,>{(',\(I\
<br />l~tlL'.", prH c' :,.11:1" ]11,';111 lo(-al 40nStlllH'f'S lhl\{. 10\\ ('\:IW'iUH' to d
<br />I1lHi -,In~;'rl'l~l!,,'d llqIJ!dH\ (rllllch.
<br />
<br />Moody's Economy.com. Inc. . www.oconomy.com . hel~oconomy.cotn . Precis METRO
<br />
|