Texas employment is rebounding faster than the national average

March 2, 2011

While the country is slowly gaining traction in economic recovery, Texas is picking up a faster pace. The Monthly Review of Texas Economy for January 2011 reports that Texas gained 231,700 jobs over the past 12 months, an increase of 2.3 percent. The private sector is playing a significant part, with an annual growth rate of 2.7 percent—more than twice the national pace of 1.2 percent during the same period.

Almost every industry in Texas is growing right now. With the exception of trade and information, every area posted more jobs in December 2010 than in December 2009:

  • Mining and logging grew 14.9 percent
  • Construction added 32,300 jobs (5.8 percent growth)
  • Professional and business services gained 64,900 jobs (up 5.3 percent)
  • Education and health services grew by 46,000 jobs
  • Healthcare and social assistance added 47,400 jobs

Manufacturing, leisure and hospitality, financial services, transportation and warehousing, and the government sector all reported job growth.

The statewide unemployment rate was 8.3 percent, lower than the 9.4 percent national figure. Midland has the lowest figure at 4.9 percent; at just 5.9 percent, Bryan-College Station has the fourth lowest unemployment in Texas, almost half of the national average!

There are many reasons to consider relocating to Bryan-College Station. If getting a good job in a growing area with a low cost of living and a new home at an affordable price is high on your priority list, you should talk to us at Stylecraft Builders. Contact us to learn more about the benefits of living and working in Bryan-College Station.

 

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Texas economy beats the national average

February 9, 2011

If you’re living in a region of the United States where economic recovery is slow—or at a standstill—maybe you should consider a move to Texas. According to the December 2010 monthly economic review by the Real Estate Center, Texas is rebounding faster than the rest of the country.

From November 2009 to November 2010, the Lone Star State gained 194,400 jobs, for an annual growth rate of 1.9 percent. The national rate is a mere 0.6 percent. The private sector in Texas showed a 2.2 percent annual employment growth rate—more than double the national average of just 1 percent. The unemployment rate in Texas was 8.3 percent in November 2010, while the national rate was 9.8 percent. Here in College Station-Bryan, we ranked fourth in the state for unemployment rate in a metropolitan area, with 6.2 percent.

The mining and logging industry in Texas ranked first in job creation, followed by professional and business services, education and health services, and manufacturing. Professional and business services gained 62,100 jobs over the past 12 months, for an impressive 5 percent growth rate.

If you’re looking for an area that’s thriving, talk to us at Stylecraft Builders in College Station-Bryan. We’ve got lots of good news to share!

 

www.stylecraft-builders.com

College Station-Bryan leads Texas. Texas leads the country in economic recovery.

June 30, 2010

If you’re looking for positive signs that the country is rebounding from the recession, look at Texas. Then focus on Bryan-College Station. According to the June 2010 review from the Real Estate Center, Texas is leading the U.S in the economic recovery. After enduring 16 months of job losses, the state posted an annual employment growth rate that hit the positive numbers.

Five industries showed significant progress in new jobs: education and health services, mining and logging, leisure and hospitality, professional and business services, and other services (repair and maintenance, personal and laundry services, religious, civic and professional organizations).

Here in Bryan-College Station, our 5.8% unemployment rate is the 4th lowest in the entire state of Texas, which is already lower than the national 9.3% rate. Even better news: Bryan-College Station ranked first in employment growth rate, at 3.3%.

Clearly, we are ahead of the curve here in Bryan-College Station. With more job creation and a healthier unemployment rate, this region offers an exceptional opportunity for real estate investment. You can purchase a new home in this growing area, enjoy the benefits of our new schools, and become part of a community that is clearly on the rise. Stylecraft Builders is here when you’re ready to make your move.

Stylecraft Builders – Central Texas’ New Home Builder
www.stylecraft-builders.com


Economic Recovery Trends Will Impact Home Buying

March 3, 2010

Finally, we are seeing positive reports that the economy is truly getting better and recovering from one of the worst recessions since the Great Depression. The Gross Domestic Product (GDP) grew from -6.4% in the first quarter to 5.7% in the last quarter of 2009, yet another indication that economic woes are slowly fading. With Congress passing new legislation that extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010 and granting up to $6,500 in credit to current home owners who purchase a new or existing home by that same date, consumers are starting to feel the effects of two rising trends: home prices will continue to rise and it will be more difficult for home buyers to negotiate the selling price.

A healthy economy means healthy competition. Sellers are banking on taking advantage of an increased pool of buyers created by the extension of the Home Buyer Tax Credit. They’ll hold firm on asking prices, and possibly increase them a bit. If you’re a buyer thinking you’re going to find your dream home for a steal in the months ahead, think again. A buyer must act quickly before someone else swoops in and makes a better offer. Sellers aren’t “hoping” to sell their homes in the next six months; they are confident that they will. And with that confidence comes a new attitude among sellers, who won’t be as quick to drop asking prices or sign a purchase and sales to the first person who shows interest in their home. As the economy recovers, buyers beware—the days of rock bottom home prices could very well be over.