DFW Economic Indicators July 2023 via Dallas Fed

The Dallas–Fort Worth economy expanded in June as wages and employment grew and unemployment fell. Housing cooled, with existing-home sales declining and inventories staying flat.

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Austin Economic Indicators July 2023 via Dallas Fed

Austin’s job growth slowed in May. In addition, unemployment ticked up and wages declined slightly, suggesting further weakening in the labor market. Austin’s music scene continued to mature, with the average performer's age shifting upward, and the metro population grew in 2022.

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Houston Economic Indicators June 2023 via Dallas Fed

Houston employment grew 2.4 percent in the three months ending in May—slower growth than both the state’s and the nation’s. Houston’s construction sector has not rebounded to prepandemic levels and lags Texas and the U.S. In fact, construction experienced steep employment declines though May in the metro after mortgage rates climbed, home sales dropped, and construction permits slumped. Home-price pressures moderated, and first-quarter vacancies in commercial buildings remained elevated.

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Eleventh District Beige Book July 2023 via Dallas Fed

The Eleventh District economy continued to expand modestly buoyed by gains in the service sector and single-family housing. Manufacturing output and retail sales fell. Credit conditions tightened further, and loan demand continued to decline. Drilling activity dipped due to lower oil and gas prices, while recent rains boosted district agricultural conditions. Local nonprofits continued to cite higher demand for assistance. Employment rose moderately, and wage growth remained high. Input cost and selling price pressures were elevated in the service sector but largely subsided in manufacturing. Perceptions of business conditions continued to worsen as uncertainty rose, and contacts noted that diminishing demand, higher labor costs, the rising cost of credit, and inflation were weighing on outlooks.

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ALN Monthly Market Stats July 2023 via ALN Apartment Data

ALN Data just released their June 2023 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 July 2023 via ALN Apartment Data