Monday, August 8, 2022

Signs of Slowdown Growing in Texas; Price Pressures Ease via Dallas Fed

The Texas economy continued expanding in June and July, though at a decelerating pace compared with earlier this year. There are increasing signs of slowing activity—particularly weakening demand in manufacturing—even as overall job growth remains strong.

Business outlooks were negative, and price and wage pressures eased in July. Home prices in some metros appear to have peaked, and apartment rent increases are slowing.

Read more...Signs of Slowdown Growing in Texas; Price Pressures Ease via Dallas Fed

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