I think there is still an “IF” attached to the prediction
if oil and gas producers see a 20 percent, or $13.5 billion, drop in earnings defined as wages, salaries, benefits and business profits
Texas could lose 212,000 jobs next year
Houston metropolitan statistical area, Kelsey estimates, could see 79,500 jobs lose if the oil extraction earnings fall by $6.6 billion.
Texas is booming. Very hard to find a new home for less than $200,000 and those are rare. If the crash happens there will be some builders left holding the bag.