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Markets & Economy

Market Update – July 2013

While the GDP has risen for 15 straight quarters, it’s current pace of 1.8% is considered weak for post-recession times. The economy is adding jobs and the unemployment rate is on the decline, but still remains well above the Fed’s desired level. The active consumer has surprised many analysts and the most recent confidence index jumped to its highest level since January 2008. Housing has become the stalwart of the economy as sales now stand at multi-year highs, home prices are on the rise, and builders are brimming with confidence. Read More