Texas Economic Indicators May 2019 via Dallas Fed

Texas economic indicators point to solid expansion in April. The state posted strong job growth and record-low unemployment, indicating that labor markets remain tight. Oil prices increased in April but have ticked down in recent weeks. The state’s exports dipped in March, while building permits for single-family housing rose.

Read more... Texas Economic Indicators May 2019 via dallasfed.org

Dallas Fort Worth Economic Indicators May 2019 via Dallas Fed

Dallas–Fort Worth economic growth continued in April. Payroll employment rose in Dallas but contracted in Fort Worth. Unemployment fell to a 20-year low, and the Dallas and Fort Worth business-cycle indexes expanded further. Home sales rose in March, and inventories remained tight. Recently released data from the Census Bureau show that DFW ranked No. 1 among U.S. metros in net population increase in 2018.

Read more...Dallas-Fort Worth Economic Indicators May 2019 - Dallasfed.org

Multifamily, Industrial Are CRE Bright Spots, Economist Says via GlobeSt

Commercial real estate prices should even out by 2020, according to the chief economist of the National Association of Realtors.

Dr. Lawrence Yun was one of the speakers at the commercial economic issues and trends forum at the Realtors Legislative Meetings & Trade Expo.

“We may see commercial real estate prices rise for the next year, but I expect them to even out in 2020,” Yun said. “Capital gain returns have grown from 90% with the rise in property prices. We can attribute the growth in commercial building investment spending to job additions and rising occupancy of buildings.”

Read more...Multifamily, Industrial Are CRE Bright Spots, Economist Says via GlobeSt

More apartments are on the way in your Dallas-area neighborhood via Dallas Morning News

If you think there are a lot of apartments under construction in North Texas, well, you'd be right.

More than 37,000 new rental units are in the works in the Dallas-Fort Worth area — the top apartment building total in the country.

Unlike in previous building wave, when most of the apartment activity was concentrated in a few locations, this time around rental communities are being built in almost every section of the metro area. And more apartments are being built in the suburbs than in high-profile locations in Uptown and downtown Dallas.

Read more...More apartments are on the way in your Dallas-area neighborhood via Dallas Morning News

ALN Monthly Market Stats May 2019 via ALN Apartment Data

ALN Data just released their April 2019 market stats on occupancy and rents for over 80 markets. In Texas, it includes DFW, Austin, Houston, San Antonio, Lubbock, Amarillo, Abilene, Corpus Christi and more. It is a must read from a great provider of apartment data.

Read more...ALN Monthly Market Stats April 2019 via ALN Apartment Data

Texas Economy Rebounds from Year-End Slowdown, Grows at Moderate Pace via Dallas Fed

Texas economic activity expanded moderately in the first quarter after downshifting markedly in November and December. Reflecting that trend, headline Texas Business Outlook Survey (TBOS) indexes—in which positive numbers indicate a greater share of firms reporting a positive result than a negative one—have moved toward their historical averages.

Read more...Texas Economy Rebounds from Year-End Slowdown, Grows at Moderate Pace via Dallas Fed

Austin Economic Indicators May 3, 2019 via Dallas Fed

The Austin economy grew slowly in the first quarter. Growth in the Austin Business-Cycle Index decreased slightly and continued to run below its long-term trend. Job growth was sluggish, with the construction and mining and financial activities sectors showing strength but manufacturing showing softness. Hourly wages ticked down in March, while home prices, sales and permits increased.

Read more...Austin Economic Indicators May 3, 2019 via Dallas Fed

Feeling crowded yet? Dallas-Fort Worth gained 1 million people in less than a decade via Dallas Morning News

Dallas-Fort Worth has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.

The region's population now tops 7.5 million, solidifying North Texas' ranking as the nation's fourth-largest metro area. It trails only New York, Los Angeles and Chicago, all of which are losing residents.

Read more...Feeling crowded yet? Dallas-Fort Worth gained 1 million people in less than a decade via Dallas Morning News

Gross Domestic Product by State: Fourth Quarter and Annual 2018 via Bureau of Economic Analysis

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware.

Read more...Gross Domestic Product by State: Fourth Quarter and Annual 2018 via Bureau of Economic Analysis

Nine Takeaways from ULI’s Economic and CRE Forecast via NREI

At Urban Land Institute’s webinar “Is 2019 the Pivot Point for the Economy and Real Estate?” which took place earlier this week, four industry experts discussed the organization’s three-year forecast (2019 – 2021) for the U.S. economy and commercial real estate sector. Panelists included: moderator Jeanette Rice, Americas head of multifamily research at real estate services firm CBRE; Adam Ruggiero, head of real estate research at MetLife; Bill Maher, head of research and strategy at LaSalle Investment Management; and Stuart Hoffman, senior vice president and senior economic advisor at PNC.

The report, which was based on the median consensus of 45 economists/analysts at 33 major real estate investment, advisory and research firms, provides forecasts for major economic indicators, real estate capital markets, investment returns, vacancy rates and property prices.

Read more...Nine Takeaways from ULI’s Economic and CRE Forecast via NREI

Houston Economic Indicators 4/29/19 via Dallas Fed

Recent data for Houston are mixed, but they continue to paint a moderately positive outlook for the region. Leading and coincident indexes for Houston improved, and job growth accelerated. Existing-home sales rose, but permits for single-family housing units were down. While the vacancy rate for apartments has recently increased, the number of permits to build new multifamily units has continued to surge. New census data show that Houston population growth slowed last year.

Read more... Houston Economic Indicators via dallasfed.org

CRE’s Numbers are Slipping via GlobeSt

The outlook for the US economy, real estate capital markets and real estate fundamentals is expected to moderate over the next three years, according to the latest forecast from the Urban Land Institute’s Center for Capital Markets and Real Estate. The forecast is based on a semi-annual survey of 45 economists and industry analysts. Responses to the most recent survey, conducted between March and April, suggest that while growth will continue, it will continue at a slower pace than previous years.

Read more...CRE’s Numbers are Slipping via GlobeSt

Investor Confidence Starts to Return as CRE Pricing Holds Steady via NREI

Annual growth in U.S. property prices slowed in March to the most modest rate since 2011, according to research firm Real Capital Analytics (RCA). But industry experts say commercial real estate pricing—and transaction volumes—could gain steam, or at least hold steady, as the year progresses.

Read more...Investor Confidence Starts to Return as CRE Pricing Holds Steady via NREI