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San Antonio's Simple Appeal to Millennials: Diversity, Decent Jobs, and Cheap Living

San Antonio's Simple Appeal to Millennials: Diversity, Decent Jobs, and Cheap Living | Current Banking News | Scoop.it
Young people in search of a less harried life are a big reason why it's one of the fastest-growing cities in the U.S.
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WHY TEXAS WILL SURVIVE THE COLLAPSE OF THE WORLD ECONOMY.

TEXAS MINTING THEIR OWN MONEY...IS SECESSION FROM BARRACK`S FASCIST AMERICA IMMINENT?THE REPUBLIC OF TEXAS...THE LAST BASTION OF TRUE FREEDOM IN OBAMA`S KING...
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Texas Economy Slower in Recent Months - Dallas Fed

Texas Economy Slower in Recent Months - Dallas Fed | Current Banking News | Scoop.it

Texas job growth has been persistently above trend this year, with jobs growing at an annual pace of 3.2 percent through October. In recent months, however, the pace of employment growth has slowed. Exports have generally declined since February, causing a weakening in Texas manufacturing. Continued low prices for natural gas have also led to some slowing in the energy sector. Offsetting this somewhat, construction activity has accelerated. Looking forward, the Texas Leading Index increased for the fourth consecutive month in October, although the pace of increase has moderated.

 

The outlook components of the Dallas Fed’s three Texas Business Outlook Surveys all weakened in November, suggesting somewhat weaker growth ahead.


Via Michael Stuart
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Michael Stuart's curator insight, December 19, 2012 9:29 PM

Texas, like many of the oil- and gas-producing states, is experiencing an energy boom and is recording faster job growth than many other states.


However, low natural gas prices have recently led to reduction in Texas drilling activity. Moreover, growth in some energy states has eased as natural gas prices remain at historically low levels.


In October, the inventory of unsold existing homes relative to sales declined to 5.1 months, the lowest level since March 2007 (Chart 4). Existing-home sales have increased at a rapid annual pace of 15 percent in the two months ending in October.


While low mortgage rates and tight inventories have been boosting the residential construction sector.


Read the report at: http://www.dallasfed.org/assets/documents/research/update/reg/2012/1208.pdf

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North Texas Economy Strong

North Texas Economy Strong | Current Banking News | Scoop.it

Job growth in the Dallas-Fort Worth metroplex through the 12 months ending in December was strong, up 2.5 percent compared with the U.S. average of 1.6 percent. As a result, the area’s unemployment rate is falling faster than the national average.


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Michael Stuart's curator insight, February 21, 2013 2:40 AM

The metro area posted a 5.9 percent unemployment rate in December, well below the U.S. average of 7.8 percent for that month. Recent increases in federal taxes will be a drag on consumer spending in North Texas, but strong job and reviving property markets will keep consumers engaged. Further fiscal tightening is expected in the form of cuts to federal defense and non-defense discretionary spending.


Fort Worth-based American Airlines has finalized its merger deal with Tempe, Arizona-based U.S. Airways.


  • The $11 billion deal creates the biggest U.S. airline by traffic, retaining the American Airlines nameplate. Corporate headquarters will remain in Fort Worth.
  • Prior to the merger American operated hubs in Dallas-Fort Worth, Miami, Chicago, New York and Los Angeles. US Airways operated hubs in Philadelphia, Charlotte, Phoenix and Miami.


The price for West Texas intermediate crude oil increased from mid-December through the end of January, recently stabilizing near 97 dollars per barrel.


The expansion of the Seaway pipeline which transports crude oil from Cushing, Oklahoma to Texas Gulf Coast refiners narrowed the spread between WTI and Brent and will result in lower prices at the gasoline pump in the months ahead.


The oil rig count in Texas has eased slightly off its mid-2012 highs while the gas rig count has stabilized after sliding through 2012.

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Texas economy is growing big - huge Geographic Differences for Housing

Texas economy is growing big - huge Geographic Differences for Housing | Current Banking News | Scoop.it

The US housing market can no longer be painted with one brush, as the housing recovery is playing out very differently across the country. Texas is hot and growing.


Via Michael Stuart
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Michael Stuart's curator insight, August 2, 2013 8:00 PM

Entry-level buyers are struggling more here than other places, but that is always the case in Texas.


The strongest economies in the country just seem to keep getting stronger, with a notable increase in license plates from other states.


The continued economic growth and relocation demand has pushed land, lot and home prices to all-time highs. Apartment construction is booming.


Houston is now the largest housing market in the country.


In Austin, finished lots in A markets are becoming more challenging to find, and residential development is migrating northward and westward into regions that had historically been considered B submarkets.


The Port Aransas Corpus Christi area is booming from the South Texas Eagle Ford Shale Gas Billions and Port Improvements for the Panama Canal Expansion.