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.
Regional Update : Texas economic growth downshifts
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.
Regional update : Texas metros drive state growth in 2006
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 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.
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.