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Is Texas Leading the Downturnaround?

By Sara Clemence ⋅ 1:18 pm July 29, 2009 ⋅ Post a comment

texas-map-150Six metropolitan areas in Texas are seeing the recession slow, say the brains over at Dismal Scientist. So if you live in Wichita Falls, Houston, McAllen, Fort Worth, Austin, San Angelo or San Antonio, it’s time to—well, we’re not sure what, but you’ll think of something.

According to the study, which looks at regions’ economies over the past six months, Texas has more cities that are in “moderating recession” than any other state. Almost everyone else is still in the dumps. (But not you, Portland-South Portland-Biddeford, Maine!)

Why Texas? The energy industry, for one. Plus the lack of a housing bubble. The Brookings Institution, which also has been tracking the recession’s effect on local areas, says Texas…

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