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.
Texas Industrial Building Booms as Economy, Population Grow
A significant portion of Texas? recent construction activity has been industrial building, with Dallas?Fort Worth leading the nation and Houston among the top six markets. Burgeoning e-commerce, state population gains and an expanding export market have contributed to the growth spurt that has included increases in transportation and logistics employment.
Industry clusters in Texas
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.
Not Everything Is Bigger in Texas: The Varied Fortunes of Four Smaller Metros
While Texas’ major metropolitan areas power the bulk of the state’s commercial activity, some smaller metros have worked to establish their place as part of the state’s economic mosaic.
Regional update : Texas midyear report favorable
Services, Construction Lead Texas as Manufacturing, Energy Soften
Sluggish growth in manufacturing is attributable to softening demand for durables, which appears tied to a slowing energy sector.
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.
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.