RECON for July 23, 2021RECON for July 23, 20212021-07-23T05:00:00Z2021-07-23T05:00:00Z
El Paso skyline
According to a WalletHub study, El Paso is the eighth best place to rent in America. The Sun City is also home to Texas' top-selling master-planned community. Today's RECON has the details. (Photo from Center files.)
July 23, 2021

Texas jobless claims rise for third straight week, even without extra benefits

​​​​​​​​​​COLLEGE STATION (Texas Real Estate Research Center) – ​Even without extra federal unemployment assistance, initial jobless claims continue to increase as the labor market gradually recovers​​​.​​​

Initial claims in Texas increased to​​​​ 43,500 the week ending July 17. About 5.34 ​​million unemployment claims have been filed since​ March 21, 2020, according ​to U.S. Department​ of Labor (DOL) data. 

Continuing unemployment claims increased ​to 185,000 the week ending July 10.

"Transitions from unemployment to employment have likely been reduced by the effect of the pandemic on women," said Dr. Luis Torres, a research economist for the Texas Real Estate Research Center. "Women in the 25-to-34-year age group were more likely than men to leave their jobs to take care of children because of in-person school and daycare closures. This outcome should be reverted once schools and daycares return to in-person learning and caregiving during the fall.

"Other possible factors affecting the transition from unemployment to employment could be the lingering pandemic, early retirement, and the possibility that people are taking more time to consider other career paths," said Torres. "Record job openings suggest that while​ the economy is still short of pre-COVID employment levels, it is not due to insufficient labor demand."

​​Last week, U.S. initial claims increased to 419​,200, bringing the 70-week total to 85.7 million. 

More people in all of Texas' major and border metros filed new unemployment claims the week ending July 10, marking two straight weeks of increases. ​​​

Using data from the DOL and the Employment and Training Administration, the Center has estimated unemployment claims for Texas' major and border metros since March 21, 2020:
  • Houston-The Woodlands-Sugar Land, 1.26 million claims;
  • Dallas-Fort Worth-Arlington, 1.22 million claims;
  • San Antonio-New Braunfels, 368,600 claims;
  • Austin-Round Rock, 311,600 claims;
  • McAllen-Edinburg-Mission, 148,100 claims;
  • El Paso, 126,200 claims;
  • Brownsville-Harlingen, 65,200​​ claims; and
  • Laredo, 36,600 claims. ​​
​Administrative/support/waste management/remediation services registered the highest number of initial claims the week ending July 10. The sector was followed by retail trade, accommodation and food services,​ construction, and healthcare and social assistance.​ 
Texas Employment Report June 2021 Summar
Read our latest Texas Employment Report for the details. 

18 Texas master-planned communities among top-selling nationally

LOS ANGELES (RCLCO Real Estate Advisors) – Eighteen Texas communities landed on RCLCO Real Estate Advisors' list of the top 50 master-planned communities of mid-year 2021. 

The Lone Star State ranked second in numb​er of homes sold in master-planned co​mmunities, behind only Florida. 

Ten of those communities are in the Houston-The Woodlands-Sugar Land area. Six are in Dallas-Fort Worth-Arlington, one is in Austin-Round Rock, and one is in El Paso.

Hunt Communities' Mission Ridge in El Paso sold 466 homes so far this year, ranking first in Texas and ninth overall. 

Other Texas master-planned communities in the top 50 are:
  • No. 12 Land Tejas' Balmoral in Houston, 458 sales; 
  • No. 14 Howard Hu​​ghes Corp.'s Bridgeland in Cypress, 433 sales; 
  • No. 17 D.R. Horton's Tamarron in Katy, 407 sales; 
  • No. 20 Land Tej​as' Sierra Vista/Sterling Lakes in Arcola, 397 sales; 
  • No. 26 Johnson Development/Toll Brothers' Sienna in Missouri City, 344 sales;
  • No. 30 SouthStar Development/PMB Capital's WoodCreek in Fate, 322 sales;
  • No. 33 Mariner Real Estate Development's Santa Rita Ranch in Liberty Hill, 307 sales;
  • No. 34 D.R. Horton's Magnolia Point in Royse City, 301 sales;
  • No. 36 Land Teja's Lago Mar in Texas City, 297 sales;
  • No. 37 (tie) D.R. Horton's Breckenridge Forest in Spring, 290 sales;
  • No. 39 (tie) Rise Communities' Meridiana in Rosharon, 285 sales;
  • No. 39 (tie) Sessions Development/PMB Capital's Wildcat Range in Crandall, 285 sales;
  • No. 41 Hillwood Communities' Harvest in Argyle, 283 sales;
  • No. 42 Johnson Development Corp.'s Cross Creek Ranch in Fulshear, 282 sales;
  • No. 43 Hillwood Communities​' Union Park in Little Elm, 279 sales;
  • No. 48 Johnson Development Corp.'s Viridian in Arlington, 266 sales; and 
  • No. 49 Johnson Development Corp.'s Woodforest in Montgomery, 265 sales. 
The high​​est-selling master-planned community so far in 2021 is Lakewood Ranch, developed by Schroeder-Manatee Ranch Inc. in Sarasota, Fla., with 1,535 sales.
Podcast 460
The economy made significant improvements in second quarter 2021 as the country continues to recover from the COVID-19 pandemic. TRERC's Dr. Jim Gaines reflects on the last quarter and looks to the future of the economic recovery on our latest podcast.

El Paso eighth best place to rent in America

WASHINGTON (WalletHub) – ​​El Paso ranked eighth on WalletHub's list of the best places to rent. 

The ​​Far West ​​Texas city ​was 12th in quality of life and 37th in rental market and affordability. 

Plano and Austin were the only two Texas cities in the top 30, ranking 27th and 30th, respectively. 

​​​No. 32 Brownsville, No. 43 Laredo, and No. 42 Amarillo had the top three lowest costs of living.

The top five cities overall were Sioux Falls, S.D.; Cedar Rapids, Iowa; Overland Park, Kan.; Fargo, N.D.; and Lincoln, Neb. 

To determine the rankings, WalletHub compared more than 180 rental markets based on 22 key measures of rental attractiveness and quality of life. 
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Seefried completes 3.8M-sf warehouse for online retailer

​​​​​​PFLUGERVILLE (REBusiness Online) – Atlanta-based developer Seefried Industrial Partners has completed a 3.8 million-sf warehouse and distribution center. 

The five-story building​ has 63 loading docks, 372 trailer stalls, and 1,846 car parking stalls. 

CESO Inc. designed the property, with the Conlan Group and Jones/Carter serving as the general contractor and civil engineer, respectively. 

While the name of the occupier was not disclosed, Amazon, which has worked with Seefried in the past, had previously announced plans to open a major fulfillment center in the city.
Looking for more real estate news? Our NewsTalk Texas feed has all the latest headlines. Here's a sample:

519K-sf Sherman distribution center sold to Preston Forrest Capital

SHERMAN (Connect CRE) – Preston Forrest Capital acquired a 518,700-sf distribution warehouse at 1400 W. FM 1417.

The building is on 70 acres within the 3,300-acre Progress Park master-planned business park.​

It is fully occupied and serves as a regional distribution hub for CertainTeed Corporation.

CBRE represented the seller, the State of Texas Permanent School Fund and General Land Office.​
market viewer screen shotTexas Realtors' MarketViewer tool helps members and their clients quickly understand the market statistics in their area. This powerful tool is a member benefit available exclusively to Texas Realtors and local Realtor associations in Texas. Data are compiled and analyzed through a research agreement between Texas Realtors, the Texas Real Estate Research Center, and all MLSs across the state. 

$36.5M elementary school opening in Aledo 

ALEDO (REBusiness Online) – Satterfield & Pontikes is nearing completion of Annetta Elementary School, a $36.5 million project that will support 800 students.

Located at 2396 W. FM 5, the 107,391-sf project features grade-level pods with collaborative learning spaces and an open library that overlooks a learning​ hub.

PBK was the architect, and Dunaway was the structural engineer.

Opening is set for August.​
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459K-sf industrial building trades hands in Wichita Falls

WICHITA FALLS (Lee & Associates) – Panda High Plains has acquired a 458,810-sf industrial building on 97.1 acres at 8600 N. Central Fwy.

The buyer was represented by Hudson Peters Commercial. Lee & Associates represented the seller, 8600 Central Venture. 

Kinloch to construct 500 build-to-rent homes in Royse City

​​​​​​​​​​​​​ROYSE CITY (PRNewswire) – Kinloch Partners LLC has purchased multiple lots with plans for a build-to-rent subdivision.

The homes will range from 2,000 to 2,500 sf and be priced from $200,000 to $300,000.

Rent will be under $2,000 per month.

Kinloch will build 500 rental homes in the next 18 months. 
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Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Texas Real Estate Research Center at Texas A&M University should not be reprinted without permission of the original source. To send news items for consideration, e-mail Hayley Rieder. The Texas Real Estate Research Center is part of Mays Business School at Texas A&M University in College Station - the heart of the Research Valley.


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