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.
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.
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.
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.
Regional update : Texas midyear report favorable
COVID-19 Fuels Sudden, Surging Demand for Suburban Housing
Business interruption and social distancing mandates because of COVID-19 have disrupted what had been a period of sustained growth within city centers nationally and in Texas. The pandemic-related actions have helped propel a sudden, large shift from renting to homeownership and a concurrent movement to the suburbs and larger homes.
Industry clusters in Texas
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.