NEWS RELEASE

Office of External Communications

Houston, TX 77204-5017 Fax: 713.743.8199

FOR IMMEDIATE RELEASE
October 28, 2004

Contact: Angie Joe
713.743.8153 (office)
713.617.7138 (pager)
ajoe@uh.edu

HOUSTON POSITIONED TO OUTPERFORM NATIONAL ECONOMY,
BUT UH’S BART SMITH NOTES POSSIBLE OBSTACLES

Houston’s economy could outperform the national economy, but the city’s fate depends on several factors, predicts Barton Smith, University of Houston director of the Institute for Regional Forecasting (IRF).

Smith will talk about those factors during “The Changing Face of Houston: Implications for the Future” Nov. 4, at the Hyatt Regency Hotel Downtown, 1200 Louisiana. Changes in Houston’s population, ethnic diversity and financial considerations have great implications for the city’s economic future, he said.

This year’s fall symposium will take a retrospective look at the city’s economic history including the energy boom and bust, the remarkable recovery and diversification of the regional economy. Smith will examine the city’s changing demographics and its effect on the metropolitan area’s boundaries. IRF’s updated 5-year and 25-year forecasts for the region’s real estate markets will be released, and Smith will compare Houston to other metropolitan regions.

The UH economics professor has conducted numerous studies in urban issues, housing, transportation and the environment. During the past 15 years, he has gained national and local recognition for his analyses of the Houston economy and real estate markets. Smith wrote “Handbook on the Houston Economy” and continues to publish two symposium reports a year on Houston’s economy and real estate markets.

Prior to his presentation, Smith will be available for media interviews from 10:30 to 11:15 a.m.

ABOUT THE EVENT:

WHAT: “The Changing Face of Houston: Implications for the Future”
WHO: Barton Smith, UH professor of economics and director of the UH Institute for Regional Forecasting
WHEN: Thursday, Nov. 4, 2004
Media availability: 10:30 to 11:15 a.m.
Luncheon: 11:45 a.m. to 12:20 p.m.
Presentation: 12:20 to 1:30 p.m.
WHERE: Imperial Ballroom, Hyatt Regency Hotel Downtown, 1200 Louisiana

For more information about UH visit the university’s ‘Newsroom’ at www.uh.edu/admin/media/newsroom.