By Lydia DePillis & Collin Easton @ HoustonChronicle.com/Business, Sept. 29

[...] "It's just a little hard to fathom how you go from the fastest-growing neighborhood in America," Navissi said, "to the properties being worth 20 percent of what they used to be."

Hurricane Harvey abruptly changed the fortunes of companies and industries across metropolitan Houston, leaving some that were prospering, such as Cafe Benedicte, struggling to survive, and others that were slumping, such as car dealers, with jolts of new business. In one of the ironies of economics, the Houston economy is likely to get a boost despite the widespread destruction and disruptions, as tens of billions of dollars in federal disaster relief and insurance payouts pour into the region.

Overall, analysts predict that Harvey won't significantly alter Houston's long-term growth trajectory. A survey of Gulf Coast retailers and manufacturers by the Federal Reserve Bank of Dallas showed that 67 percent were only shut down for a few days, and one in four said they expected an increase in business as a result of the storm [.....]

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