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Published byBlaise Henderson Modified over 9 years ago
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Current Conditions in the Texas Housing Sector The views expressed are those of the speaker and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System. D’Ann Petersen Federal Reserve Bank of Dallas Friday January 9, Friday January 9, 2009
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Texas Job Growth Slows
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Job Situation Better in Texas
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Texas Advantages Spur Faster Growth Good Business Climate Low Cost of Living Central Location Close Proximity to Mexico Good Distribution Facilities Available Land Fast Growing Population
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Texas Business-Cycle-Index Decelerates
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Texas Housing Market in Decline
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Builders Still Pulling Back
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Texas Housing Market in Decline
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Texas Home Sales Plunge in Recent Months (existing homes)
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Texas Home Values Holding Up ( FHFA repeat sales index)
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Other Indexes Show Slight Downward Pressure (Case-Shiller Price Index)
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Some Downward Pressure on Existing Home Prices
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Texas Home Inventories OK
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Foreclosures not Creating Too Much Inventory Overall
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Thank You Visit www.dallasfed.orgwww.dallasfed.org
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Metro Business Cycle Indexes
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Energy Prices
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Unemployment Rate
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Employment
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History Shows Texas Outperforms
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