June 26, 2017
Job gains and construction activity were decidedly mixed along the Texas-Mexico border towns, according to data released by the Real Estate Center at Texas A&M University. While the Business Cycle Index in McAllen and El Paso, TX climbed and enjoyed positive annualized growth in April 2017 (the most recent information available), the Brownsville Index ticked down slightly, while falling wages decreased Laredo’s index below 1.2% annualized growth.
Border construction values also decreased, by 2.9% across the board. The reason for the decline is due to a pull-back in residential construction. On the commercial side, non-residential construction values doubled in Laredo and quadrupled in McAllen. New schools, office buildings and warehouses made up most of the new commercial construction.
For comments, questions or concerns, please contact Amy Sorter