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Texas annual job growth slightly lower than U.S.Texas annual job growth slightly lower than U.S.2016-09-28T05:00:00ZCOLLEGE STATION, Tex. (Real Estate Center) – Texas gained 186,900 nonagricultural jobs from August 2015 to August 2016, according to the Real Estate Center’s latest Monthly Review of the Texas Economy. That’s an annual growth rate of 1.6 percent, lower than the nation’s growth rate of 1.7 percent.

The nongovernment sector added 146,300 jobs, an annual growth rate of 1.5 percent compared with 1.9 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate in August was 4.7, up from 4.4 percent in August last year. The nation’s rate decreased from 5.1 to 4.9 percent. 

All Texas industries except mining and logging, manufacturing, and the transportation, warehousing, and utilities industry had more jobs. Leisure and hospitality ranked first in job creation followed by financial activities, education and health services, the government sector, trade, and professional and business services. 

All Texas metro areas except Odessa, Midland, Texarkana, and Wichita Falls had more jobs this August than last. College Station-Bryan ranked first in job creation followed by Dallas-Plano-Irving, Laredo, Austin-Round Rock, and Brownsville-Harlingen.

The state’s actual unemployment rate was 5 percent. Amarillo had the lowest unemployment rate, followed by Austin-Round Rock, Lubbock, Dallas-Plano-Irving, Sherman-Denison, College Station-Bryan, and San Antonio-New Braunfels.

The complete report is available online at https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy. It was written by Center Research Economist Dr. Ali Anari.

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/chBR2r01-0916
Texas job growth stands at 1.5 percentTexas job growth stands at 1.5 percent2016-08-30T05:00:00Z​COLLEGE STATION, Tex. (Real Estate Center) – The Real Estate Center’s latest Monthly Review of the Texas Economy shows Texas gained 176,600 nonagricultural jobs from July 2015 to July 2016, an annual growth rate of 1.5 percent.

That's lower than the nation’s growth rate of 1.7 percent, according to the report written by Center Research Economist Dr. Ali Anari.

The nongovernment sector added 136,100 jobs in July, an annual growth rate of 1.4 percent compared with 1.9 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate last month was 4.6 percent, up from 4.4 percent in July 2015. The nation’s rate decreased from 5.3 to 4.9 percent.

All Texas industries except mining and logging, manufacturing, information, and the transportation, warehousing, and utilities industries had more jobs. Leisure and hospitality ranked first in job creation followed by education and health services, financial activities, trade, and the government sector.

All Texas metro areas except Odessa, Midland, Texarkana, and Wichita Falls had more jobs. College Station-Bryan ranked first in job creation followed by Austin-Round Rock, Dallas-Plano-Irving, Laredo, El Paso, and Brownsville-Harlingen.

The state’s actual unemployment rate was 5.1 percent. Amarillo and Austin-Round Rock had the lowest unemployment rate, followed by Dallas-Plano-Irving, Lubbock, College Station-Bryan, San Antonio-New Braunfels, and Sherman-Denison.


Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/cdxe_n21-0816
Happy reigns as voters' favorite unusual Texas town nameHappy reigns as voters' favorite unusual Texas town name2016-08-09T05:00:00Z

COLLEGE STATION, Tex. (Real Estate Center) – Hey, everyone, here's the song that we're singing: C'mon, get Happy!

To say that voters in the Real Estate Center's summer-long online poll, "Small Towns, Great Names," got Happy would be an understatement. The Panhandle city ​with a population of roughly 680 swept round four of our contest, garnering 51 percent of the 437 votes.

Cut and Shoot came in a distant second with 30 percent of the votes, followed by Dime Box with 19 percent.

To celebrate Happy's victory, here are a few facts about "The Town Without a Frown" (taken from the U.S. Census Bureau's American FactFinder website and Wikipedia):

  • Median age is 37.6.
  • Median income is $40,469.
  • The town has a total area of 1.1 square miles.
  • Late "rockabilly" musician Buddy Knox hailed from Happy.
  • It's home to the Happy High School Cowboys.
  • The 1999 comedy film Happy, Texas was set in the town, but shot primarily in California.

The Center's contest, intended as a fun way of drawing attention to the state's rich legacy of interesting small-town names, began in mid June with a list of over 120 names. That number was pared down to 20 for the second round, ten for the third, and three for the final.

Round-one voter numbers were modest (321), but word of mouth through social media, as well as attention from several radio stations, boosted numbers during the second round (545). 

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.

http://eepurl.com/ca2lcL20-0816
Nation’s job growth pulls ahead of Texas’—slightlyNation’s job growth pulls ahead of Texas’—slightly2016-08-01T05:00:00Z

COLLEGE STATION, Tex. (Real Estate Center) – Texas gained 172,600 nonagricultural jobs from June 2015 to June 2016, an annual growth rate of 1.5 percent, lower than the nation’s growth rate of 1.8 percent.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy​, the nongovernment sector added 126,800 jobs, an annual growth rate of 1.3 percent compared with 2 percent for the nation’s private ​sector.

Texas’ seasonally adjusted unemployment rate was 4.5 percent, up from 4.4 percent a year ago. The nation’s rate decreased from 5.3 to 4.9 percent.

All Texas industries except mining and logging, manufacturing, and the transportation, warehousing, and utilities industry had more jobs in June 2016 than in June 2015. Leisure and hospitality ranked first in job creation followed by education and health services, financial activities, the government sector, and trade.

All Texas metros except Midland and Odessa had more jobs. College Station-Bryan ranked first in job creation followed by Dallas-Plano-Irving, Austin-Round Rock, Lubbock, and Brownsville-Harlingen.

​The state’s actual unemployment rate was 4.8 percent. Amarillo and Austin-Round Rock had the lowest unemployment rate, followed by Dallas-Plano-Irving, Lubbock, Sherman-Denison, and San Antonio-New Braunfels.

The completely report is available online at https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy.

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.

http://eepurl.com/b_Msk119-0816
Property taxation conference Sept. 1-2 in San AntonioProperty taxation conference Sept. 1-2 in San Antonio2016-07-28T05:00:00ZCOLLEGE STATION, Tex. (Real Estate Center) – Property tax professionals from around the state will convene in San Antonio this September for the Real Estate Center's 30th Annual Legal Seminar on Ad Valorem Taxation.

The conference will be Sept. 1-2 at the Hyatt Regency San Antonio Riverwalk Hotel at 123 Losoya. It’s intended not only for property tax attorneys and consultants but also for real estate professionals and even the public.

“The biggest distinction between our conference and others like it is that we address both sides of tax issues,” said Real Estate Center Director Gary Maler. “We look at the issues from the perspectives of tax assessors and collectors and those who oppose things from the tax representation side.”

Conference coordinator Denise Whisenant said it will cover everything about property taxation.

“Some of the state’s most esteemed attorneys will discuss recent legal cases regarding property taxation,” she said. “There will be presentations on ethics and on contract issues for property tax professionals. We’ll have an update on the senate select committee on property tax reform.”

Whisenant said the conference will address what to expect at court during a property tax dispute, whether you’re the person trying to get your property taxes reduced or you’re working for the taxing district itself.

Noted energy trading expert Dr. Detlef Hallermann will explain how the oil and gas industry is affecting real estate values, an important issue in Texas. Center Chief Economist Dr. James Gaines will present his economic outlook.

“Anyone who has an interest in property taxation is going to find something at this conference that will help them,” Whisenant said.

Cost for the popular seminar is $500 until Aug. 9, then $530. Admission at the door will be $560.

Conference details and registration are online at http://bit.ly/2afq5ru.

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/b_C7NL17-0716