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Journal Article
Harvey Highlights Houston MUD Bond Development Funding
Historic flooding from Hurricane Harvey struck many Houston housing developments whose infrastructure was funded with municipal utility district (MUD) bonds. The tax-exempt debt has been widely used in the Houston area, and in the storm?s aftermath, MUD bond issuance has come under review with the possibility investors may seek greater future compensation.
Journal Article
Texas economy feels national pinch
Helped somewhat by a weak dollar and strong exports, Texas has shed manufacturing jobs at a 1.4 percent rate so far this year, a much slower pace than the nation?s 3.4 percent decline.
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
Spotlight: commercial real estate investment
As financial markets turned gloomy in August 2007, Dallas Fed business contacts began to note postponed commercial real estate deals, with scattered reports of lenders backing out, especially on larger transactions. Most of the executives expected credit disruptions would be brief and lending and investment would rebound in a short time.
Journal Article
Texas economy rides wave of changing technology and diffusion of know-how
Data on patents and employment show that Texas is a major center of innovation and high-tech employment.
Journal Article
Regional update : Texas midyear report favorable
Journal Article
Texas office, industrial markets mostly healthy despite energy bust
Texas commercial real estate activity is poised for a solid performance in 2016, though energy sector-related weakness will constrain prospects, particularly in Houston where an office space overhang should persist.
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 ...
Journal Article
Regional update : Texas metros drive state growth in 2006