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According to the 2010 Fortune 500, released in April, Texas hosts the headquarters of 57 of the nation's 500 largest companies, ranked by gross revenues. Texas secured its place as a Fortune 500 leader through its position as focal point of the domestic energy industry, its relatively strong...
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While conditions remain weak, it appears that the Texas economy is on a steadier course after a rough ride last year. Recent economic data and anecdotal evidence suggest the worst of the state's economic woes may be over. Activity is growing in several sectors. The state maintains its...
Persistent link: https://www.econbiz.de/10008616951
In both Texas and the U.S., existing-home sales have been rising since March 2009--due in part to a tax credit of up to $8,000 for first-time homebuyers. The tax credit has also helped stimulate construction.
Persistent link: https://www.econbiz.de/10008616953
Upturns in the Mexican and Canadian economies, coupled with the dollar's declining value, fed strong Texas export growth in the second half of 2009. The state's real exports increased 15.8 percent from the second to fourth quarter, and the United States' NAFTA partners played a key role.
Persistent link: https://www.econbiz.de/10008616957
Despite some of the positive news in housing markets, the rate of mortgage foreclosures and delinquencies in Texas is on a sharp incline. This issue of e-Perspectives provides a list of foreclosure resources.
Persistent link: https://www.econbiz.de/10008616975
In a recent Southwest Economy, Dallas Fed economists D'Ann Petersen and Laila Assanie examine the Texas housing market. Another article, by the Real Estate Center at Texas A&M University, provides an in-depth analysis of Texas' housing affordability and how it differs across the state's...
Persistent link: https://www.econbiz.de/10008616976
Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.
Persistent link: https://www.econbiz.de/10008628380
The beleaguered Texas housing market has been getting some help from Washington's attempts to revive the economy. First-time homebuyers in the state are taking advantage of tax credits of as much as $8,000 provided by the American Recovery and Reinvestment Act of 2009.
Persistent link: https://www.econbiz.de/10008628381
The hardships of recession aren't confined to the private sector. Dallas Fed regional economist Jason Saving takes a look at how state budgets are faring in the long, deep slump--starting with Texas.
Persistent link: https://www.econbiz.de/10008628382