According to the
Federal Reserve Bank of Dallas, the Texas economy continues to expand, although at a slow pace, with employment growing at a 0.1 percent annual rate in September. Texas home sales fell in September, but single-family permits and housing starts rose. Texas exports inched up in August, and manufacturing activity increased in October, according to the Texas Manufacturing Outlook Survey’s production index.
Housing starts in Texas rose 13.4 percent in September after falling 0.5 percent in August. September starts were up 24.2 percent from last year. Texas existing-home sales decreased by 2.1 percent in September and are up 11.8 percent year over year. Home inventories remain at 7.1 months. Texas single-family housing permits rose 2.6 percent from August to September.
