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

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

House panel advances two flood insurance changes, but divisions remain The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk.

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.

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.

HOUSTON – As the piles of rubbish begin to disappear in some neighborhoods around Houston, what is appearing is the reality that the framework of some homes is all that’s left. "I don’t know.

 · U.S. Air Force A C-130 Hercules sprays Corexit. Its market value as this article went to press was a tidy $132 billion, and few, if any, BP officials appear likely to face any legal.

Homebuilders fall to 10-month low on sales data, earnings miss Shares of retailers and other consumer companies fell overall, but shares of homebuilders moved higher despite reporting a mixed bag of first-quarter earnings. lennar shares were up 4% Wednesday after it said the housing market slowdown has reversed course with mortgage rates falling. The nation’s.Foundation with ties to Barney Frank backs Hope LoanPort expansion Foundation with ties to Barney Frank backs Hope LoanPort expansion A lawyer for the republican national committee today said the party will ask the Federal Election Commission to look into the source of thousands of small-dollar contributions to the presidential. As geopolitical turmoil mounts, mortgage. is now at its highest level in over a month.

 · Hurricane Harvey made landfall in Texas on Aug. 25 near Houston, which is the nearest major airport to Galveston, home port for the "Liberty of the Seas" cruise ship.The suit alleges that Royal.

Many people feared that toll was only the beginning throughout the region between Corpus Christi and Houston. By Sunday. high winds and tornadoes. Harvey came ashore as the fiercest hurricane to.

The latest Tweets from Charles G (@ExpoTex). Detailed planning. Flawless execution. Austin, TX

U.S. MarketFlash | Houston CRE Market Shows Resilience in Face of Hurricane Harvey. Moody’s Analytics estimates a loss of 6% to 8% of industrial value, or $2.6 billion, based on analysis and comparison to similar occurrences. The damage likely is greater within older properties and those located near Houston’s bayous.

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.

Today, The UPS Store, Inc. announced its recently launched, Mission: Veteran Entrepreneurship, a program offering significant financial incentives – valued at nearly $300,000 – for a select group of qualified U.S. military veterans to help open their own The UPS Store® franchise location. Read More Open the link in a new window

Fastjet CEO Quits as problems mount. patrick whyte, Skift. Given the constant drip of bad news coming out of Fastjet since it launched in 2012, it’s amazing that the airline is still flying.

Being late to the technology party may actually benefit FHA and Ginnie A day that many in the housing industry thought would never come is finally and actually here, as the Federal Housing Finance. suggested that the FHFA’s principal reduction program may make fewer.Zillow mortgage unit takes a loss as expenses outweigh strong demand Zillow mortgage unit takes a loss as expenses outweigh strong demand. Zillow’s mortgage division experienced better customer demand in the first quarter than it expected, but its revenue was outweighed by expenses that led to a pretax loss of .6 million. source: mortgage.

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