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

Topics

Texas  | 

Business Cycle Expands, Job Growth Accelerates, Unemployment Holds Steady

The San Antonio Business-Cycle expanded at a 3.7% annualized rate in November 2018, 1% above the rate reported in October 2018, and above its long-term average of 3%. According to analysts with the Federal Reserve Bank of Dallas, the expansion could be tied to strong job growth, continued low unemployment and increasing housing prices.

The job growth increased by 2.7% during the three months ending in November 2018, and 1.4% year to date. Meanwhile, the 3.2% unemployment rate was “significantly lower than the Texas and U.S. rates of 3.7%,” Fed analysts noted. Mining continued to add jobs at a strong rate, increasing by 7.1% over the three-month period.

The median home price stood at $227,342 in November 2018, a 2.4% year-over-year increase. Home inventories were at 3.5 months’ supply, below the six months that make a balanced market.


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

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.

  • ◦Economy
RedOak-03-cube
New call-to-action
New call-to-action
KidderMathews-05-cube