Texas economic growth continues at a moderate rate. Conditions in the housing market are improving, with increased home sales and lower inventories; house prices, however, are stagnant. Despite recent weakness in oil prices, energy activity remains strong. Concerns regarding the European debt crisis, continued sluggishness in the national economy and prospects of further job losses in the state and local government pose notable downside risks.
Read more...Texas Economy Continues to Expand at a Moderate Pace - November 2011 - Economic Research - FRB Dallas
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