Texas Economy - August 2016

[Shital Thakkar]

Hi,

Let me share data from Texas A&M Real Estate Center about Texas Economy released in Aug 2016

What is your opinion about future of real estate based on these numbers..?

• New Job created = 7200
• GDP Growth for 1st quarter = 0.2%, slower than national avg and slowest since 4th quester of 2009.
• Texas Leading Index = Down
• Texas Business Cycle Index = Decelerate
• DFW / Houston housing demand weaken month-over-month after peak in February
• Austin / San Antonio housing demand increasing.
• Housing sale = Increase 1.8% annually, monthly decline since april.
• Building permit = Houston (3,386) and Dallas-Fort Worth (3,091) still led the nation in the number of single-family permits issued

https://www.recenter.tamu.edu/articles/technical-r...