Odessa
Odessa, Midland Take Top Spots in MF Rent Increases
Odessa and Midland, TX were ranked numbers 1 and 2, respectively, in RentCafe’s Apartment Market Report, Year End 2018. Pointing… Read more
Despite Falling Oil Prices, Odessa Economic Expansion Continues
Crude oil prices dropped during the latter part of 2018. That price drop, however, doesn’t seem to be impacting the… Read more
Iron Horse Lodge First Phase Underway in Permian Basin
AWT Logistics, developers of Iron Horse Lodge, announced that the first two phases of its six-phase workforce housing development will… Read more
Odessa Economy Continues “Impressive Expansion”
The Odessa, TX general economy continued expanding through Q3 2018, with the Odessa Economic Index at 249.4 in September. The… Read more
Dallas Fed: Permian Basin Economy Remains Robust
Despite moderating employment growth over the past few months, the Federal Reserve Bank of Dallas indicated that the “Permian Basin… Read more
Increased Spending, Low Unemployment Drive OEI in July
An increase in spending, combined with continued low unemployment, boosted the Odessa Economic Index in July 2018. The OEI stood… Read more
Queens Apartment Rent Growth Excels “Mega-Hubs”
Even with thousands of new units under development or coming on line, Queens apartment rent gains are hardly slowing down.… Read more
Permian Basin Rig Count, Employment Slowing
While economic indicators in West Texas overall continued strong, Permian Basin rig count and employment slowed in July and August… Read more
Permian Basin Economy Continues Robust
Continued historic low unemployment, combined with increasing employment growth, has led the Federal Reserve Bank of Dallas to note that… Read more
Odessa Economic Indicators Are Still Strong
Odessa’s economic indicators from May 2018 showed continued spending growth, climbing hotel/motel revenue and home sales activity in record territory.… Read more
Permian Basin Unemployment Falls to Record Low
Unemployment in the Midland-Odessa region fell to 2.5% in May 2018, a record low for the region. The number was… Read more
Expansion Coming to Cinergy Odessa
Cinergy Entertainment announced its intent to expand its theater center at 8250 SH 191 in Odessa, TX. The Dallas-based company… Read more
Odessa-Midland Post Biggest Rent Increases in U.S.
Apartment landlords in West Texas are seeing their fortunes improve as rental rates increase. Odessa and Midland ranked first and… Read more
Economist: OEI Poised to Surpass Previous Record
The Odessa (TX) Economic Index continued its upward climb in March 2018, ending up at 231.2. The metric is up… Read more
Olympus Property Launches Eighth Fund with 869-Unit Buy
Olympus Property, based in Fort Worth, launched its eighth fund by closing on three multifamily properties in separate transactions. The… Read moreOEI Reflects “Stratospheric” Gains
In January 2015, the Odessa Economic Index hit a record high of 231.9. More than three years later, in February… Read more
Congrats, Odessa; You’re Texas’ Most Expensive Destination
A study compiling average hotel lodging costs across the Lone Star State put Odessa, TX on top of the list.… Read more
Odessa Employment: Higher Than the Estimates
Original monthly estimates for Odessa employment indicated approximately 71,200 jobs at year-end 2017. However, recent revised data released by the… Read more
Report: Texas Cities Tied to Energy Feel Shocks
During the previous oil price decline, states with “oil economies” suffered from energy economic shocks. Analysts with the Federal Reserve… Read more