DFW Economic Indicators June 2023 via Dallas Fed

Expansion continued in the DFW economy in April. Employment growth was strong, and the Dallas and Fort Worth business-cycle indexes rose. Worker Adjustment and Retraining Notification (WARN) data suggest that layoffs have picked up from 2022. Home prices dipped in March. DFW population growth increased in 2022.

Read more...Dallas-Fort Worth Economic Indicators June 2023 via Dallas Fed

Crushing Property Insurance is Hurting Apartment Deals via GlobeSt

The lack of affordable insurance options for property owners of all types increasingly puts needed insurance coverage out of reach and limits the ability of property owners to make needed investments in their properties.

As a result, this stressed insurance market, stubborn inflationary pressures, and rising interest rates have disrupted transactions and negatively impacted valuations.

Read more...Crushing Property Insurance is Hurting Apartment Deals via GlobeSt

Eleventh District Beige Book May 2023 via Dallas Fed

The Eleventh District economy continued to expand modestly. Manufacturing output was flat while revenue in the service and retail sectors grew. Energy reports were mixed with oilfield activity steady, but declines seen on the natural gas side. Housing contacts noted a decent spring selling season and stable prices. Credit conditions tightened further, and loan demand continued to decline. Agricultural conditions improved in some areas but remained strained by drought in others. Local nonprofits cited higher demand for assistance. Overall payrolls rose moderately, and wage growth remained elevated. Outlooks continued to worsen as uncertainty remains on the rise, and contacts voiced concern over waning demand, rising interest rates, and the overall health of the economy.

Read more...Eleventh District Beige Book May 2023 via Dallas Fed