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Journal Article
Texas dodges worst of foreclosure woes
The housing bust leaves in its wake elevated foreclosure levels in Texas and the U.S. Like other consequences of the bust, including declines in construction and existing-home sales, foreclosures have been less severe in Texas. While the nation's foreclosure rate has grown nearly sixfold over the last four years, Texas' has climbed only marginally. ; Housing markets in Texas and the U.S. have shown signs of stabilizing in recent months. Home sales and construction starts are beginning to tick up, thanks in large part to low mortgage rates and the first-time homebuyer tax credit. Despite the ...
Has the Beige Book become disconnected from economic data?
The Federal Reserve's Beige Book, a key tool for identifying U.S. business-cycle shifts, has traditionally aligned with economic data. However, postpandemic, its economic characterizations often appear weaker than what hard data indicated, raising concerns of divergence from official statistics.
Journal Article
Single-family housing squeeze eases in Texas; multifamily soars
Single-family home sales in Texas?constrained by steadily rising prices, tight bank lending standards and insufficient new-house inventory?should gain traction in 2015. A booming apartment market moderates slightly amid still-elevated construction activity, occupancy rates and rents.
Journal Article
Regional Update : Texas economic growth downshifts
Journal Article
Texas Housing Market Soars to New Highs, Pricing Out Many
Texas? low cost of living has been one key long-term factor in the state?s growth story?sustaining the economy through oil booms and busts. However, unprecedented home price appreciation and tight supply of starter homes during the housing recovery have eroded this advantage.
Journal Article
Regional update : Texas metros drive state growth in 2006
Texas Economy Retains Strength Despite Weakening Outlooks
Texas’ economic expansion remained solid in May, though the pace of growth decelerated. Employment gains continued to be robust. Manufacturing output growth accelerated, but revenue growth in services slowed.
Texas posts job gains in August, bolstering outlook despite signs of slowing
The Texas economic expansion continued in August despite some signs of slowing. Employment growth strengthened, rebounding from weakness in the prior two months.
Journal Article
Dallas Booms Through Texas Oil Bust
The Dallas metropolitan division?s economy, buttressed by business relocations and consolidations, has expanded steadily since 2010, following the Great Recession. Growth sectors, which included business and financial services, defense and security, and transportation, powered Dallas and helped it pace the Texas economy after the energy price collapse.
Labor Shortages, Supply Chain Woes Slow Texas Recovery
The Texas economy is on the path to a solid recovery, although the pace of growth has eased since March, recent data suggest.