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October 2018

There are 4 blog entries for October 2018.

Texas Almost Doubles U.S. Job Creation Rate

Wednesday, October 31st, 2018 at 10:11pm. 989 Views

Texas gained nonagricultural jobs at a rate of 3.3 percent from September 2017 to September 2018, almost doubling the nation’s growth rate of 1.7 percent, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University. Nongovernment jobs also almost doubled that of the United States’ rate, with an annual growth rate of 3.9 percent in Texas and two percent in the U.S.

The unemployment rate in Texas in September 2018 was 3.8 percent, down from four percent in September 2017. The unemployment rate was lowest in Midland, with only 2.2 percent unemployment. Amarillo and Odessa tied for second at 2.7 percent, and Austin-Round Rock and College Station-Bryan tied for fourth with 2.9 percent.

Texas mining and logging

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New Home Construction in Texas Gains Momentum

Wednesday, October 31st, 2018 at 8:51pm. 816 Views

Austin housing salesNew home construction in the state of Texas is gaining steam, according to the most recent Texas Housing Insight report by the Real Estate Center at Texas A&M University. Construction permits for single-family homes increased 14.1 percent year-to-date (to August 2018), with Texas remaining the leader across the United States with 16 percent of total national permits.

Austin reached a decade-high in construction permits in July 2018 and has experienced 18 percent growth year-to-date with 1,459 permits issued. Permits also surged in San Antonio, with growth of 27 percent, while total permits were largest in Houston and Dallas-Fort Worth. Additionally, the Texas Residential Construction Cycle (Coincident) Index, a measurement of current construction

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Texas Home Sales on Track for Record-Breaking Year

Tuesday, October 30th, 2018 at 11:39am. 3,123 Views

austin homesTexas real estate is trending toward another record-breaking year in 2018, following an increase in third quarter sales and prices, according to the Texas Association of REALTORS® Texas Quarterly Housing Report. Home sales were up 4.4 percent for the quarter when compared to the third quarter of 2017, and median price also was up 4.4 percent to $235,000.

“At the current rate that home sales and active listings are increasing, we are trending towards another record-breaking year in Texas real estate,” said TAR Chairman Kaki Lybbert. “The record-breaking home-sales activity this summer in Texas is an example of the strong economy, job growth and quality of life in our great state that keeps driving demand for home ownership.”

Homes for sale in Texas

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Austin, Texas Real Estate Market Update and Statistics October 2018

Friday, October 19th, 2018 at 3:32pm. 898 Views

Steady September 2018 for Austin Real Estate

The Austin area real estate market held fairly steady for the month of September 2018, with a less than one percent decrease in number of sales and an almost six percent increase in dollar volume, according to the Austin Board of REALTORS® September 2018 Central Texas Housing Market Report.

“Austin-area housing market activity has bucked the trend of a cool-weather slowdown over the last several years, maintaining much of the momentum from the summer months through the end of the year,” said ABOR President Steve Crorey. “Home sales growth declined five percent last September, so it’s good to see that the area housing market held steady in September 2018. Austin continues to be one of the fastest-growing

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