Monthly Archives: January, 2009

Builders and financial stability

There have been several recent stories in the local news about builders filing for bankruptcy. While a natural part of the cyclical nature of our business, it certainly doesn’t give any comfort to potential home buyers. I have seen builders small and large forced to close their doors. In the rapidly rising market of the [...]

Local Dallas foreclosure data

Don’t know how I missed this article. Postings for the February auction are down 8 percent compared with a year ago, Addison-based Foreclosure Listing Service Inc. said Thursday. That’s the first yearly decline for February postings in nine years, said George Roddy, president of Foreclosure Listing Service. “While this is one piece of good news, [...]

Housing starts are way, way down…

…and this is a good thing. It’s a sign of the cyclical nature of our business. From an article in the Wall Street Journal comes data from the Commerce Department. Construction of new single- and multifamily homes sank 15.5% in December from the previous month to a seasonally adjusted annual rate of 550,000 units — [...]

Texas future job outlook

Well, just to show that I am not a complete Pollyanna (Wikipedia: Pollyanna), here’s some information I have been dreading (but thinking it might be coming): The national recession is about to catch up with Texas, costing the state 111,000 jobs in the next six months, the state comptroller warned legislators in Austin on Monday. [...]

Texas Economic Review – November 2008

The U.S. economy lost more than two million jobs or 1.5 percent of its labor force from November 2007 to November 2008. Over the same period, the Texas economy gained 222,900 jobs or 2.1 percent of its labor force. The state’s seasonally adjusted unemployment rate rose from 4.2 percent in November 2007 to 5.7 percent [...]

Newsflash – it’s not all bad!

After a brief hiatus (thanks Google for repeatedly resetting my password), there are so many interesting articles online to discuss. I continue to believe that, for multiple reasons, the DFW market in general, and certain sub-markets, in particular, do not face the same sort of doom and gloom facing the rest of the nation. How’s [...]