Topic – Ghp
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‘Cash for Clunkers’ boosts August auto sales in Houston
SUVs down slightly
August vehicle sales jumped, due to the federal "Cash for Clunkers" program, accompanied by a modest drop in new SUV and truck sales, says GHP.
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Jump in July home sales
Sign of Houston's recovery
July saw the smallest decline in home sale closings since August 2007, and the median single-family home price stayed above last year's.
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July building permits
New residential still weakest
Construction permit totals are still well below last year's figures, but July nonresidential permits were the highest since last October.
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Spot crude oil, natural gas prices
Oil steady, gas down
The average price of crude oil stayed above $60 per barrel in July, while natural gas remained low, according to a GHP Economic Indicators update.
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July car, truck, and SUV sales
Smaller dip than in June
New car sales were down 39 percent in the Houston region compared to last July. Trucks and SUVs did better, with a 24 percent margin between this year and last.
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Building permit & new building contract data for Houston
2008 figures revised upward
Preliminary data show 2009 building permits and contracts in the Houston region to be down substantially, but upward revisions of the data are likely, says GHP.
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Car, truck, and SUV sales in Houston rising
Majority are trucks and SUVs
While Houston region auto sales are still well below 2008 levels, sales have been increasing for the past three months.
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