Category Archives: Regional Updates

Lower Oil Prices to Boost Southern California

Lower oil prices will support the Southern California economy. West Texas Intermediate spot prices have taken a sharp slide from $102 per barrel in June down to near $55 per barrel in mid-December. Lower oil prices are expected to persist … Continue reading

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Northern California Economy Driven By Strong Labor Market Gains

Northern California has created around 400,000 jobs in the past four years, bringing area payroll employment back to 2001 levels at over 3.1 million nonfarm workers. Job gains have been widespread over the past 12 months, with a quarter of … Continue reading

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Central West Michigan Boosted by Grand Rapids

The Central West Michigan economy is supported by the surprising strength of Grand Rapids. Grand Rapids was recently ranked as the fifth fastest growing city in terms of per capita growth from 2010 to 2013, according to the Bureau of … Continue reading

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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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