Daily Archives: April 24, 2012

March New Home Sales, February Home Prices, April Consumer Confidence

Posted on April 24, 2012 by Comerica Economics

A Shaky Floor for Housing, Not Yet Nailed Down New Home Sales for March decreased by 7.1 percent, to a 328,000 unit sales rate. The February Case-Shiller 20-City Composite Home Price Index was 3.6 percent below a year ago. The … Continue reading →

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Posted in Daily, United States | Comments Off

San Antonio Spurred By Energy Growth

Posted on April 24, 2012 by Comerica Economics

After cooling somewhat over the second half of 2011, the San Antonio labor market is poised to show strong gains in early 2012. San Antonio’s February unemployment rate of 6.7 percent is 1.4 percentage points below the nation’s March level.  … Continue reading →

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Posted in Quarterly Briefs, San Antonio | Comments Off

Austin Expands Its Limits

Posted on April 24, 2012 by Comerica Economics

After trending around 7.0 percent annually from 2009-2011, the Austin unemployment rate fell to 6.1 percent in February 2012.  Austin’s February unemployment rate is 2.1 percentage points below the March national rate of 8.2 percent.  The drop in unemployment is … Continue reading →

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Posted in Austin, Quarterly Briefs | Comments Off

Good Start to 2012 for North Texas

Posted on April 24, 2012 by Comerica Economics

Job growth in the Dallas-Fort Worth metroplex accelerated in early 2012, bringing the area’s unemployment rate down to 6.9 percent in February. This is the area’s lowest unemployment rate since January 2009, and still well below the U.S. rate of … Continue reading →

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Posted in General, Quarterly Briefs | Comments Off

Houston Rides the Energy Wave

Posted on April 24, 2012 by Comerica Economics

Houston continues to add jobs and new enterprises at a robust clip, fueled by very active global energy markets.  Recently higher oil prices have added to the push for petroleum.  Very low natural gas prices are the flip side of … Continue reading →

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Posted in Houston, Quarterly Briefs | Comments Off

California Economy Flat in February

Posted on April 24, 2012 by Comerica Economics

Comerica Bank’s California Economic Activity Index was flat for the seventh straight month in February, at a level of 99. February’s reading is 36 percent, or 26 points, above the index cyclical low of 73.  Year-to-date the index is even … Continue reading →

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Posted in California, Economic Activity, Indices | Comments Off

Texas Economy Expands in February

Posted on April 24, 2012 by Comerica Economics

Comerica Bank’s Texas Economic Activity Index rose two points in February, to a level of 96.  February’s reading is 24 points, or 33 percent, above the index cyclical low of 72. February marks the highest index reading since October 2008. … Continue reading →

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Posted in Economic Activity, Indices, Texas | Comments Off