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Economy

Texas is a large, diversified state boasting one of the biggest economies in the world. Our reports and articles help you understand why.

Latest Economic Articles

Go West
Single-family
6 minute read
Sep 07 2023

Go West

Who's Moving to the Petroplex

One city may be known for ostriches and the other for jackrabbits, but let’s talk about the people of Midland and Odessa—specifically, the ones who are moving there and impacting the region’s economy.

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Take Me to Texas
Demographics & Population
3 minute read
Mar 03 2022

Take Me to Texas

Post-Pandemic Population Boom

Waves of newcomers are flooding the Lone Star State. Most of them are from California, and they’re all in search of homes. Talk about a gold rush.

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Go With the Flow
Infrastructure & Transportation
4 minute read
Jul 05 2022

Go With the Flow

How Commuting Trends Affect Austin-Area Growth

Daily commutes are a necessary evil for many Texans in urban areas. Who knew they can serve as a bellwether of a region’s economic growth? Austin served as a recent case study.

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Economic Data

Texas Total Nonfarm Employment
Seasonally Adjusted

July 2024
14.2M
0.06% MOM

Texas Unemployment Rate
Seasonally Adjusted

July 2024
4.1%
10 BPS

Consumer Price Index Growth

August 2024
2.5%
40 BPS MOM

Spot Crude Oil Price

August 2024
$76.68
5.79% YOY

Economic Reports

Outlook for the Texas Economy
Texas Economy
5 minute read
Sep 13 2024

Outlook for the Texas Economy

Texas total nonfarm employment fell for the second consecutive month. The unemployment rate increased to 4.1 percent after sitting for three months at 4 percent. The rate of inflation continues to make progress with the Consumer Price Index (CPI) dropping to 2.9 percent year over year (YOY) in July from 3 percent YOY in June, and home sales bounced back after a major drop in June.

Outlook for the Texas Economy
Texas Housing Insight
Single-family
4 minute read
Oct 09 2024

Texas Housing Insight

August saw a fall in home sales and a continued rise in building permits. New listings increased almost 14 percent, driven largely by the Houston metro recovering after Hurricane Beryl. The storm did not have the same degree of impact on sales. Home prices fell slightly to $335,494.

Texas Housing Insight
Texas Border Economy
Texas Economy
4 minute read
Aug 26 2024

Texas Border Economy

Border employment grew in 2Q2024 but not enough to prevent an increase in the unemployment rate. Housing sales had a better second quarter this year than last year, and home prices increased in three of the four border metros.

Texas Border Economy
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