Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  | 

Austin Business Cycle Index Maintains Long-Term Rate

Solid employment growth, combined with a strong housing market and decent manufacturing activity meant the Austin Business Cycle Index expanded at a 6.1% annualized rate in June 2018, according to the Federal Reserve Bank of Dallas. The Business Cycle Index’s long-term rate is 6%, and the Dallas Fed pointed out that the index has grown within 1 percentage point of its long-run average since mid-2016.

Metro payrolls expanded by a 2.5% annualized rate over the three months through June, with growth dispersed across most industries. Existing-home sales dropped 2% in June, though total existing-home sales so far in 2018 grew 4.8% year over year. Home inventories remained at 2.6 months, well below the six-month supply considered a balanced market.

The Dallas Fed analysts noted that the manufacturing sector experienced “continued but subdued growth” in June. While new orders, inventory and order backlog indexes grew in June, production, employment, supplier delivery and prices indexes contracted.

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Dallas Fed

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Economy
New call-to-action