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COLLEGE STATION (Real Estate Center) – March 26, 2019 – Texas gained 268,800 nonagricultural jobs from February 2018 to February 2019, an annual growth rate of 2.2 percent, higher than the nation’s employment growth rate of 1.7 percent. According to the Real Estate Center’s latest Monthly Review of the Texas Economy report, the nongovernment sector […]
HOUSTON (NAI Partners) – March 18, 2019 -The Southeast submarket has four million sf of industrial space underway, one-third of the total industrial construction in the metro. The submarket recently experienced a more than $50 billion petrochemical expansion that is positively affecting demand for industrial supply, particularly for plastics and logistics. The largest projects under […]
TEXAS (HomesUSA.com) – February 26, 2019 – The average new home price in Texas rose by nearly $1,500 to $358,880 in January, according to HomesUSA.com The average price of a new home rose in Texas’ four largest markets in January, with Houston leading the gains, according to the the HomesUSA.com New Home Sales Index. Sales […]
HOUSTON (NAI Partners) – February 25, 2019 – After peaking at 22 percent in 2Q 2018, local office vacancy fell to 21.1 percent this month, according to NAI Partners. So far, year-to-date 2019 net absorption is in positive territory at 762,230 sf. The metro created 108,300 jobs, a 3.5 percent increase, in the 12 months […]
HOUSTON (Connect Daily Texas) – February 1, 2019 – Two of the nation’s largest oil companies are doubling down on Texas, pouring billions of dollars into refineries. Chevron USA Inc. has inked an agreement with Petrobras America Inc. to acquire Pasadena Refining Systems Inc. for $350 million. The deal includes all outstanding shares and equity […]