We’re at it again! Grand Homes has just entered two new communities in DFW: Silverleaf in Keller and Creekside Estates in Wylie. We are still in the early development stages in these communities, but the purchase of lots and build-jobs are now available to the public. So if you have considered settling down in either one of the fast-growing and family-friendly communities, here is a little preview of what each one has to offer. (more…)
Last month Grand Homes experienced one of their highest sales months of the year, indicating that even in a challenging housing market Grand Homes is delivering a quality product and service that people want to buy. As Grand Homes opens and develops new communities they are enthusiastic about maintaining this trend through the end of the year. (more…)
Right now mortgage rates are lower than they have been in over 6 decades. This week the average rate on a 30-year fixed mortgage was reduced to 4.12%, and 15-year to 3.33%. (more…)
In a recent study by On Numbers, the statistical arm of The Business Journals, the Dallas/Fort Worth Metroplex came in 4th on the nation’s most populous cities list behind New York, L.A., and Chicago. DFW currently has an estimated 6,554,919 people, which is 183,146 more people than was counted in the 2010 U.S. Census. If this data is correct that means an average of 500 people a day are moving to DFW! (more…)
Texas became the USA’s second-largest economy during the past decade — displacing New York and perhaps heading one day toward challenging California — in one of the biggest economic shifts in the past half-century.
USA TODAY examined each state’s gross domestic product to determine how the country’s economic output has shifted within its borders. The data reflected both population growth and income increases — in short, the economic weight of each state.
Texas notched one of the biggest increases in size in a half-century, surpassing $1 trillion in annual economic output. The state gained nearly a full percentage point in its share of the U.S. economy during the decade, reaching 8.3% in 2010. This growth in economic clout has been matched only twice in the past 50 years — by California in the 1980s and Texas itself during the 1970s oil boom.
“We’re growing faster than everyone else, and this trend should last a good while,” says economic forecaster Raymond Berryhill of Waco, Texas. His state enjoyed “good fortune and good planning” from having natural resources, immigration and successful technology businesses while avoiding the real estate bubble, he says.
Full Story by Dennis Cauchon, USA TODAY.
On the 80-mile drive from San Antonio to the Texas capitol in Austin, it’s difficult to miss the signs of growth. At every highway exit, it seems, huge new shopping malls greet motorists. Valleys where cattle grazed five years ago now sport shiny new Target stores, tract homes, and tennis courts. Between 2000 and 2009, Texas added about 4 million residents, more than half of them migrants from elsewhere in the nation. And Texas will almost certainly emerge from the recession with the nation’s strongest and most important economy.
In May alone, Texas, America’s second most populous state, added over 75,000 jobs—more than California (the biggest), New York (third biggest), and Florida (fourth biggest) combined. Texas has shown consistent gains in 10 of the 11 categories of private employment that the Bureau of Labor Statistics measures.
The state is far more than cowboys and oil: It has several of the nation’s leading medical research centers (Baylor and UT hospitals among them), one of the biggest computer makers (Dell), and a financial industry that never took a turn for the worse. And, even though unemployment remains a tick over 8 percent (about a point and a half lower than the national average), the rapid growth is bringing this down quickly. During the last week in June, the job-hunt website Monster.com offered more new job openings in Texas than in California even though the Golden State has over 10 million more people. In a nation looking for economic good news, Texas stands out as a bright spot.
What are the real secrets to Texas economic growth and attracting new residents? High oil prices, Lack of state income tax, nice weather and business-friendly environment all play an active roll but the real secret lies in Texas’ limited but activist government and affordable homeownership.
– Spending on public schools, improved the universities, and funneling dollars to efforts to make Texas a medical research hub
– Spending hasn’t increased faster than population growth and inflation.
– Expanding Transportation infrastructure; every major Texas metropolitan area has built new roads or greatly expanded existing ones.
– because of its prodigious road building, put more areas within easy commuting distance of its job centers.
– Remaining affordable homes; as a result, it was possible to build homes in Texas without resorting to subprime loans that damaged the rest of the economy.
– Inland location offers major metropolitian areas room for growth
– Public and private investments in the arts, parks, and universities have brought Texas a large affluent professional class.
In short, a state known for size and excess has succeeded because of public policies that avoided excesses of big government overspending, poorly conceived private lending, and business-government land planning. In this way, Texas offers important lessons for other states looking to claw their way out of the recession.
By Eli Lehrer. See the full article from The Weekly Standard here.