Category Archives: Regional Updates

Sustaining Growth an Issue to Come for Detroit

Moody’s says that Detroit’s economy is better now, with a positive credit outlook, a year after exiting bankruptcy. Air traffic through Detroit Metro grew last year, with more new routes planned for this year. Auto show attendance was up, and … Continue reading

Posted in General, Quarterly Briefs, Regional Updates, South East Michigan | Comments Off on Sustaining Growth an Issue to Come for Detroit

Central West Michigan Catching National Attention

According to Forbes Magazine, Grand Rapids is the top city in the country to invest in housing for 2016. Forbes cited strong population and employment growth as support for the city’s spot. The area is still heating up, with the … Continue reading

Posted in Central West Michigan, General, Quarterly Briefs, Regional Updates | Comments Off on Central West Michigan Catching National Attention

Phoenix Real Estate Still Buoyant

The Phoenix economy is largely dependent on manufacturing (mainly aerospace, semiconductors and electronics), tourism and rapidly growing financial/tech industries. Increasing travel demand with ultra-low fuel prices and rising global security threats will fuel the production of civil and defense aircraft … Continue reading

Posted in General, Phoenix, Quarterly Briefs, Regional Updates | Comments Off on Phoenix Real Estate Still Buoyant

Miami Growth Changes Tempo

The Miami metro area set a record for single-family home sales in 2015. Palm Beach and Broward counties both saw single-family home sales up more than twelve percent from 2014’s already good numbers. Miami-Dade County was up three percent from … Continue reading

Posted in General, Miami, Quarterly Briefs, Regional Updates | Comments Off on Miami Growth Changes Tempo

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

Posted in General, Houston, Quarterly Briefs, Regional Updates | Comments Off on Houston Faces Ongoing Energy Sector Consolidation

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

Posted in General, North Texas, Quarterly Briefs, Regional Updates | Comments Off on Diverse North Texas Economy Bucking Energy Headwinds

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

Posted in Austin, General, Quarterly Briefs, Regional Updates | Comments Off on Austin’s Economy Still Strong

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

Posted in General, Quarterly Briefs, Regional Updates, San Antonio | Comments Off on San Antonio’s Economy Continues to Moderate

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

Posted in Phoenix, Quarterly Briefs, Regional Updates | Comments Off on The Phoenix Economy Remains Steady

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

Posted in General, Quarterly Briefs, Regional Updates, San Jose | Comments Off on San Jose MSA Sees Strong Growth with Affordability Headwinds