Real Estate Center economists have been saying it for the past few years, and now the latest census data are supporting it: Texas is on the verge of a population boom.
"Today, one out of 12 Americans lives in Texas — the same proportion that lived in New York City in 1930," wrote Michael Barone recently in the Wall Street Journal.
"Metropolitan Dallas and metropolitan Houston, with about six million people each, threaten to overtake our fourth-largest metro area, San Francisco Bay (population about seven million), in the next decade," he said.
Barone, a resident fellow at the American Enterprise Institute, was comparing census data from the past eight decades.
According to the San Antonio Express-News, initial census numbers last month were necessary so states could know how many congressional districts they would have. Texas picked up four additional districts.
Look for more 2010 census data to be released as the year progresses.
Wednesday, January 26, 2011
Monday, January 24, 2011
Saturday, January 15, 2011
Monday, January 10, 2011
Wednesday, January 5, 2011
Chamber, Austin to be Featured on CBS Evening News with Katie Couric
In 2010 Austin topped some incredible national charts with rankings like the Brookings Institutes "Highest Ranked Recovery," Newsweek's "Top 10 Recovery Cities," CNN Money's "Recession Proof Cities," and Kiplinger's "#1 City of the Next Decade."
As a result, the CBS Evening News with Katie Couric will feature the Chamber's Dave Porter, SVP of Economic Development and a few of our 2010 success stories on this Friday's (Jan 7th) program. Featured will be the $3.6 billion expansion of Samsung Austin Semiconductor and the corporate relocation of SunPower Corporation
Tuesday, January 4, 2011
Texas Leads The Way In Recovery
COLLEGE STATION (Real Estate Center) – The Texas economy continues to outperform the U.S. economy in the current recovery, according to the Real Estate Center's latest monthly economic review.
The state’s economy gained 194,400 jobs from November 2009 to November 2010, an annual growth rate of 1.9 percent, compared with the nation’s 842,000 jobs, an annual growth rate of 0.6 percent.
Texas’ private sector continues to play a key role in job creation. The state’s private sector posted an annual employment growth rate of 2.2 percent compared with 1 percent for the U.S. private sector from November 2009 to November 2010.
The state’s seasonally adjusted unemployment rate was 8.2 percent in November 2010, the same as in November 2009, while the nation’s rate decreased from 10.0 to 9.3 percent over the same period.
All Texas industries except the trade and information industries had more jobs in November 2010 than in November 2009. The state’s mining and logging industry ranked first in job creation followed by professional and business services, education and health services and manufacturing.
All Texas metro areas had more jobs in November 2010 than in November 2009. McAllen-Edinburg-Mission ranked first in job creation followed by Brownsville-Harlingen and Austin-Round Rock-San Marcos.
The state’s actual unemployment rate in November 2010 was 8.3 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, College Station-Bryan and Abilene.
Monday, January 3, 2011
Homestead Exemption, don't forget!
If you purchased your home in 2010 and you live in Travis or Williamson County, it's time to file your Homestead Exemption, if you haven't already done so.
You can file your exemption between January 1 and April 30 in order to receive your homestead property tax reduction for your 2010 taxes, which are due in 2011. The exemption only has to be filed once; not annually.
For Travis and Williamson counties, these forms can be found online at:
Travis County:
Williamson County:
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