Houston construction contracts saw 37% growth YoY, says GHP

Huston Recent Editorial Team
1 Min Read
Houston construction contracts saw 37% growth YoY, says GHP

The Year 2023: A Surprising Turn of Events

Many experts had predicted a recession for the year 2023, but to everyone’s surprise, it never materialized. This unexpected turn of events has led to a flurry of activity in various sectors, including the housing market and construction industry. According to GHP Chief Economist Patrick Jankowski, this means that projects are moving forward at a rapid pace.

With the economy showing resilience and growth, businesses are seizing the opportunity to expand and invest in new ventures. The absence of a recession has provided a much-needed boost to confidence among investors and consumers alike.

As we move further into 2023, it will be interesting to see how these developments shape the overall economic landscape. Will the unexpected prosperity continue, or are there still challenges on the horizon? Only time will tell, but for now, one thing is certain – the year 2023 is turning out to be full of surprises.

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