Do economic forecasts interest you? Well...me neither. :) But, they are very important in many ways...and especially to real estate. Healthy jobs and an influx of jobs just helps the real estate market. And I love that!
Comptroller’s Weekly Economic Outlook
Over the past year, Texas added jobs in 9 of the 11 major industries, including professional and business services, trade, transportation and utilities, leisure and hospitality, education and health services, construction, government, financial activities, information, and other services. Pre-recession Texas employment peaked at 10,638,100 in August 2008, a level that was surpassed in November 2011, and by September 2015 Texas added an additional 1,206,000 jobs. The U.S. recovered all recession-hit jobs by May 2014 and by September 2015 added an additional 4,006,000 jobs.
Texas and the nation returned to economic growth in 2010, 2011, and 2012. In calendar 2014, Texas real gross domestic product grew by 5.2 percent, compared with 2.39 percent for the U.S.
On the job front:
The U.S. added 142,000 nonfarm jobs in September 2015 and the unemployment rate was 5.1 percent. Between September 2015 and September 2014, U.S. total nonfarm employment increased 2 percent.
Texas total nonfarm employment increased by 26,600 jobs during September 2015. Between September 2014 and September 2015, Texas total nonfarm employment increased by 224,800 jobs or 1.9 percent.
The Texas unemployment rate was 4.1 percent for September 2015, down from 4.8 percent in September 2014.
The Texas unemployment rate has been at or below the national rate for 105 consecutive months.
Updated November 3, 2015 from http://thetexaseconomy.org/economic-outlook/
Author:Joshua Putman Phone: 504-339-9219 Dated: November 5th 2015 Views: 620 About Joshua: Joshua Putman grew up around the world and is now calling Texas home. Serving in the military for mo...
These days there seems to be more and more fraud coming about. P
"Trenton was just the opposite and exceeded my expectations above and beyond all others. He had more knowledge, skills, and expertise then any of the agents I met or worked with that had several years of experience. He acted quickly and in the same day of us speaking, he found EXACTLY what I was looking in the first list that consisted of two homes. I liked one of the two homes, and he made time the next day to show me the home. I loved it and made an offer immediately, which was accepted three days later...on my birthday. I closed 35 days later, only because the Seller's needed more time to find their new home. "