I’ve been tracking the storm for the Houston office of the company I work for and this couldd indeed be the one Houston missed with Rita in '05. Worst-case scenario for this area would be landfall somewhere between Galveston and Corpus, as then Houston would be on the wet side of the storm.
If the storm makes it to US territory, landfall doesn’t appear likely until sometime next Thursday. I wouldn’t have any confidence in a predicted landfall location, therefore, until maybe Tuesday.
By sheer coincidenzia, I’ll be in the Northeast all next week. I should get back just in time for the cleanup, if everything goes the way it’s looking. I’m pretty sure my home’s location won’t flood, so the main worry is wind damage.