HARVEY COULD IMPACT HOUSTON ECONOMY WELL INTO 2018

Home sales declined 25% in August as Hurricane Harvey knocked out hundreds of deals at the end of the month.  Insurance companies restrict the initiation of new policies for homeowners & this delays many closings.  Then homes have to be re-inspected for flood damage & may not close till the damage is repaired.  Houston is still ahead of closing more than 2016 by 1.8%.