Category Archives: Quarterly Briefs

Houston Faces Ongoing Energy Sector Consolidation

There is much more to the Houston economy than the price of oil, but the low price of oil continues to weigh heavily on the center of the North American oil market. Perversely, the Paris terrorist attacks may have provided … Continue reading

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Diverse North Texas Economy Bucking Energy Headwinds

While the Houston metro area economy has seen four months of net job losses so far this year, the Dallas/Fort Worth metro area economy has seen just two months of job losses. Job growth has clearly downshifted in North Texas, … Continue reading

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Austin’s Economy Still Strong

After creating nearly 40,000 jobs in 2013, Austin’s job growth is downshifting a bit. But compared to Texas as a whole, the area is still doing very well. The area is showing strong job growth even though some Texas regions … Continue reading

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San Antonio’s Economy Continues to Moderate

The San Antonio area, being the staging ground for Eagle Ford Shale development, is under significant economic pressure due to falling energy prices. As the profitability of less productive wells diminished, rig counts for both oil and natural gas fell. … Continue reading

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The Phoenix Economy Remains Steady

After losing more than 3,000 nonfarm payroll jobs in 2015Q2, the Phoenix economy added about 13,800 such jobs in the third quarter of 2015. In the meantime, the metropolitan area lost hundreds of construction jobs. The services providing sector added … Continue reading

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San Jose MSA Sees Strong Growth with Affordability Headwinds

San Jose MSA’s strong job growth has a negative impact on housing affordability throughout the region. The area is posed to have it strongest year of job gains since 2000, adding another 53,000 jobs this year. The positive jobs outlook, … Continue reading

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San Francisco MSA November Ballots Benefitted Developers

The San Francisco labor market strengthened more than expected in Q3. The metro area’s unemployment rate ended the quarter at 4.0 percent. This is the lowest reading since April 2001. Area nonfarm payrolls were up 3.3 percent from a year … Continue reading

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San Diego MSA Housing Affordability is a Constraint

There was positive news for the defense industry in the past few weeks as Congress passed a two year federal budget deal. The Bipartisan Budget Act of 2015 was signed into law in early November. The bill increases the FY2016 … Continue reading

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The Greater Los Angeles Aerospace Industry Scores a Win

Northrop Grumman won a contract from the Pentagon to build 21 next generation long-range bombers for the U.S. Air Force. The contractor beat out Boeing and Lockheed Martin for the contract which analysts value at around $20 billion. The new … Continue reading

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Central West Michigan Sees Firming Labor Markets

A study by All Property Management recently found Grand Rapids to be one of the best rental markets in the nation. Looking at the data, this is not a surprise. The vacancy rate of rental units in the 2015Q2 was … Continue reading

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