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

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A week after Hurricane Harvey’s floodwaters peaked across much of Houston. which is a pain to change if you’ve signed in during previous disasters). It’s just hideously backward government IT at.

Houston ranks No. 5 among U.S. cities with the most hotel rooms under construction, according to STR. Work is underway on 4,475 new hotel rooms, the equivalent of about 5 percent of the city’s.

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New-home sales decline in January to three-month low Sales of existing homes suffered their biggest drop in three years in January, but the news was bad for consumers trying to buy homes, not those trying to sell them. In short, the 3.2 percent.

 · The worst Texas storm in more than half a century. Harvey is the most powerful hurricane to strike Texas in more than 50 years. The storm’s precipitation could reach 50 inches in some coastal areas, and authorities say the local Brazos River was set to crest at a record high of 59 feet this week, or 14 feet above its flood stage.

Harvey slammed into Texas on Aug. 25 as a Category 4 hurricane, but it brought the worst flooding to Houston and other areas as a tropical storm. The rain totaled nearly 52 inches.

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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 from low oil prices for the past three years.

As the water around Houston began to rise. What will our economic geography say about the degree of risk we face? What can we learn? One thing we already know. As each passing day after Harvey’s.

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Two, administered by the U.S. Department of Housing and Urban. John Culberson, whose Houston congressional district was the hardest hit by Harvey, he said. Culberson faces a well-funded Democratic.

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