Texas Economic Activity Sharply Falls in Wake of COVID-19
Virus containment measures have prompted unprecedented declines in demand and triggered mass layoffs, shaking business and consumer confidence.
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.
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.
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 shakes off rough ride in 2009
While conditions remain weak, it appears that the Texas economy is on a steadier course after a rough ride last year. Recent economic data and anecdotal evidence suggest the worst of the state's economic woes may be over. Activity is growing in several sectors. The state maintains its traditional advantages--relatively low living costs, modest taxes, a central location and an attractive business climate. Barring further setbacks, the Texas economy should pick up steam in 2010 and beyond.
Spotlight: commercial real estate investment
U.S. financial woes are taking a toll on commercial real estate> investment in Texas. Uncertainty is prevalent among buyers and> sellers of office, industrial, retail and apartment properties,> and property sales are likely to remain subdued in the near term.
Regional update : Texas metros drive state growth in 2006