February 22, 2017
A recent report from the Real Estate Center at Texas A&M University (TAMU) had some good news for the Lone Star State. Mainly, 6,100 jobs were added to the Texas economy in December, an improvement in the energy sector, and increased activity in the manufacturing sector.
Texas housing demand returned to normal, though analysts suggest that homebuyers might have expedited purchases prior to interest rate increases. Though lot supply continues to lag behind demand, building permits issued for new single-family homes increased in December, hinting at potential supply expansion.
Though the news continues to be good for more economic growth, the TAMU analysts Luis Torres and Wesley Miller did acknowledge that potential headwinds, in the form of trade uncertainty, still-volatile energy prices, and national political uncertainty were very much in the picture.
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