Daily Archives: April 24, 2012

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

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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San Antonio Spurred By Energy Growth

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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Austin Expands Its Limits

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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Good Start to 2012 for North Texas

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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Houston Rides the Energy Wave

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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California Economy Flat in February

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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Texas Economy Expands in February

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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