Regional Economic Outlook: Texas

The Dallas Fed just released its August 2008 regional economic outlook. It looks like even the booming Energy industry isn't enough to stop the spread of the economic slowdown.

The Texas economy slows to its lowest growth rate since 2003.



Employment growth also slows down - not negative yet like the overall U.S.



Housing prices held up much better than the rest of the U.S. but are starting to roll over.

Comments

[Redfish Mark:]

Eric, things have slowed a bit in Texas, though as we track single family and multifamily real estate markets for investors around the country, many Texas communities are fundamentally very strong. They're still encouraging business investment and growth in Texas more agressively than most places, and that certainly drives housing demand. The food's not too bad down there either.

2008 Aug 18 12:36 PM