Friday, October 26, 2018 / by Scott Shine
COLLEGE STATION (Real Estate Center) – Fueled by higher oil prices, Texas' pace of job creation accelerated in September 2018.
According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 406,400 nonagricultural jobs from September 2017 to September 2018, an annual growth rate of 3.3 percent, higher than the nation’s employment growth rate of 1.7 percent.
The nongovernment sector added 402,500 jobs, an annual growth rate of 3.9 percent, also more than the nation’s employment growth rate of 2 percent in the private sector. Texas’ seasonally adjusted unemployment rate in September 2018 was 3.8 percent, lower than the 4 percent rate in September 2017. The nation’s rate decreased from 4.2 to 3.7 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospita ...
Tuesday, October 16, 2018 / by Scott Shine
KILLEEN (KWTX TV) – Z Modular has purchased a 230,000-sf building at 710 Swanner Loop in the Killeen Industrial Park.
The company, which manufactures steel-framed building modules, expects to hire 250 highly skilled workers at the facility within three years.
Monday, September 24, 2018 / by Scott Shine
(Texas Workforce Commission) – The Texas economy added 32,000 seasonally adjusted nonfarm jobs in August, marking 26 consecutive months of employment growth.
According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment rate was 3.9 percent, down from 4 percent in July. Over the year, the state added 394,500 jobs for an annual employment growth rate of 3.2 percent.
The Texas metro with the lowest nonseasonally adjusted unemployment rate was Midland at 2.2 percent. McAllen-Edinburg-Mission had the highest at 6.6 percent. The mining and logging industry saw the largest seasonally adjusted growth in employment from August 2017 to August 2018, growing 15.2 percent. The information industry was the only one to lose jobs with employment dropping 2.8 percent over the year.
Friday, September 14, 2018 / by Scott Shine
AUSTIN (Texas Association of Realtors) – Texas home sales and median prices continued to rise in second quarter 2018, according to a report from the Texas Association of Realtors.
Across the state, 100,227 homes were sold in the second quarter, up 2.8 percent over the year.
The median sales price increased 4.4 percent to $238,000.
Real Estate Center Chief Economist Dr. Jim Gaines said, “Home sales activity remained strong for the second quarter of 2018. The demand for housing remains at an all-time high, but statewide we’re seeing a slower rate of increase in sales compared to previous quarters due to the lack of inventory of properties for sale.”
Of all homes sold, 30.2 percent were priced from $200,000 to $299,999, and 29.2 percent were priced from $100,000 to $199,999.
Texas active listings increased 0.3 percent over the year to 110,330 listings. Homes spent an average of 87 days on the market. Months of inventory fell 0.1 months to 3.9 m ...
Friday, July 13, 2018 / by Scott Shine
Austin new home of Army Futures Command WASHINGTON (Defense News) – The new four-star Army Futures Command (AFC) will be in Austin.
The location will consolidate the Army's entire modernization process under one roof. U.S. Army Secretary Mark Espen said in a July 13 press conference that Austin's top-tier academic institutions, cutting edge industrial, innovative private sector, and culture make the city a good fit for the facility.
"The Army chose Austin as the location for the AFC headquarters because it not only possesses the talent, entrepreneurial spirit, and access to keep partners we are seeking, but also because it offers the quality of life our people desire and a cost of living they can afford," said Epsen.
The creation of the AFC is the Army's most significant reorganization effort since the U.S. Army Forces Command and Army Training and Doctrine Command's creations in 1973.