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COLLEGE STATION (Real Estate Center) The Texas economy gained 375,300 nonagricultural jobs from May 2013 to May 2014, an annual growth rate of 3.4 percent compared with 1.8 percent for the United States. According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s nongovernment sector added 343,000 jobs, an annual growth […]
(7/1/2014) NEW CANEY, MONTGOMERY COUNTY – Grand Texas, the future 610-acre sports and entertainment district, will break ground on the first phase late this summer. Features will include: • a 150-acre theme park; • a 40-acre water park; • an 83-acre sports complex; • a 144-lot RV park; • more than 240 hotel rooms; and • […]
DALLAS (ALN Apartment Data) – Average year-over-year multifamily occupancy rates for Texas remained roughly the same last month, while effective rents jumped 6.7 percent from a year ago. According to ALN Apartment Data Inc., which tracks multifamily data in ten Texas markets, the overall occupancy last month was 92.3 percent, down 0.1 percent from […]
AUSTIN (Austin Business Journal) Texas ranked eighth in the nation for gross domestic product growth from 2012 to 2013. The state’s GDP numbers grew 3.7 percent, according to the U.S. Department of Commerce’s Bureau of Economic Analysis. Oil and gas was a significant contributor to Texas’ growth. However, other industries continued to see growth, including electronics, […]
HOUSTON HOME SALES DECLINE FOR THE FIRST TIME IN THREE YEARS Lower sales volume reflects diminished housing inventory; prices rise to new records HOUSTON —(HAR June 11, 2014) — Houston’s persistent lack of housing inventory resulted in the market’s first home sales decline in three years in May. Thirty-four consecutive months of positive sales ended in April with flat […]