Money in Houston news on Tuesday, October 13, 2026
In Money in Houston on Tuesday, October 13, 2026: Gas prices dip, Lilly's $6.5B Houston plant gets underway. Also: Houston gas prices fell, but hurricanes and global tensions cloud the outlook; Eli Lilly has begun work on a $6.5 billion manufacturing facility in Houston.
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Headlines
- Eli Lilly has begun work on a $6.5 billion manufacturing facility in Houston.Construction Equipment Guide
- Houston Chronicle has published its ranking of the city's top-performing companies.Houston Chronicle
- Rice launches an AI initiative with 75 new faculty and research space in the Ion.Houston Chronicle
- US home sales rose in September but slowed from a year earlier as mortgage rates and prices climbed.Click2Houston
- Higher mortgage rates are weighing on the housing market, according to The Business Journals.The Business Journals
- The multifamily market saw a quarterly rent increase after a long pause.Building Design + Construction
- US stocks hovered near their latest record in mixed trading on Wall Street.Houston Chronicle
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