Category Archives: General

A Clearer View for Detroit

A clearer view for the Detroit metro area economy is developing as the City of Detroit exits bankruptcy. Officially, the City emerged from bankruptcy after 17 months as the calendar flipped over to December 11. On December 10, the City … Continue reading

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The Phoenix Economy Awaits Housing Rebound

Phoenix employment growth is on the right track, gaining ground in the services industries over the past few years. However, area employment has still not recovered to pre-recession levels. The primary culprit has been construction employment. The decline in construction … Continue reading

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High-End Real Estate Development Boosts Miami

Real estate markets are gathering momentum in the Miami Metropolitan Statistical Area. Home prices in Miami continue to outpace the national average, with strong double-digit gains: the Case-Shiller Index for the city shows an almost 18 percent increase in home … Continue reading

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Lower Oil Prices, a Sea Change for the Houston Economy

As of our mid-December publication date, by virtually any measure, the Houston metro area economy is flourishing. However, significantly lower crude oil prices, now dropping through $60/barrel, represent a sea change for Houston. We expect oil drilling and exploration activity … Continue reading

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San Antonio’s Oil-Fueled Growth To Ease

Eagle Ford shale oil development in the San Antonio region has spurred strong economic growth through the high multiplier effect of drilling activities on local businesses including manufacturing industries, transportation, grocery stores and restaurants. However, the recent decline of oil … Continue reading

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Lower Oil Prices Increase Downside Risk for North Texas

The North Texas economy is growing strongly. The Dallas–Fort Worth metro area is adding jobs at a rapid rate. October 2014 payrolls were up 3.7 percent over the previous year, well above the 2.0 percent year-over-year growth rate for the … Continue reading

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Austin Surges Through Late-2014

Austin, one of the fastest-growing tech metros in the U.S., increased employment at a robust rate through the first three quarters of 2014. In 2014Q3, Austin added more than 9,930 jobs, most of them in the service-producing sector. Yet the … Continue reading

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November Residential Construction, Industrial Production, December Rig Count

 Home Construction Dips, MF Output Surpasses Pre-Recession Peak November Housing Starts dipped by 1.6 percent to a 1,028,000 unit annual rate. Permits for new residential construction fell in November by 5.2 percent to a 1,035,000 unit pace. The Industrial Production … Continue reading

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Comerica Economic Weekly

The economic discussion this week was focused on the price of oil. At this writing the NYMEX price for WTI is listed at $57.96 per barrel, well below the 52-week high of $102.53 from last June 25th. The national average … Continue reading

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November Retail Sales, October Inventories, December UI Claims

Autos Set the Pace for Strong Retail Sales November Retail Sales increased by 0.7 percent, boosted by surging auto sales. Ex-auto Retail Sales gained 0.5 percent. Most categories were up. Service station sales dropped. Business Inventories for October were up … Continue reading

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