Jim Gaines: DFW 'going and blowing'Jim Gaines: DFW 'going and blowing'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=156732017-01-27T06:00:00Z2017-01-27T18:00:00Z

​DALLAS –​​ The economic forecast for North Texas ​looks like continued growth, said Jim Gaines, chief economist at the Real Estate Center.

Gaines was speaking Tuesday at the International Council of Shopping Centers' annual Texas Retail Forecast.

While a five-year boom ended in ​​the state last year with lower oil prices, “Dallas-Fort Worth has never really stopped growing since the recession,” Gaines said. “It’s still going and blowing.”

However, Gaines said while consumer and business confidence is up, that rising optimism doesn’t have a driver. Manufacturing has been declining for more than 40 years, and the housing sector recovery hasn’t matched other rebounds.

“Does reality ever live up to expectations? Good or bad?” Gaines asked. “No.”

​Gaines is watching federal regulatory changes and bills in the Texas Legislature. The state’s universities are bracing for cuts. He’s also watching U.S. trade policies (Texas is the largest exporting state in the U.S.).

Over the long term, population growth forecasts are turning Texas into more of an urban state, he said, with 30 million more people estimated to live here by 2050.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/retail/2017/01/24/dallas-economic-strengths-hold-amid-texas-slowdownRead more at {Source}

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