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Wednesday, January 9, 2019   /   by Scott Shine

Texas U-Haul's top growth state again

PHOENIX, Ariz. (U-Haul) – Texas continued its reign as America's top-growth state during 2018, according to U-Haul data.

Year-over-year arrivals of one-way U-Haul truck rentals rose 5 percent while departures climbed 6 percent from Texas' 2017 numbers.

Despite a larger increase in departures, arriving trucks still accounted for 50.2 percent of all one-way U-Haul traffic in the Lone Star State.

This is the third year in a row that Texas secured the top spot on the list. Florida, South Carolina, Utah, and Idaho rounded out the top five. Illinois ranked 50th for the third time in four years.

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Friday, November 30, 2018   /   by Scott Shine

Battery producer recharges operations with $106M facility

TEMPLE (Temple Daily Telegram) – Battery producer East Penn Manufacturing Co. will expand its operations with a $106 million distribution facility.

The new center will be built in a 305-acre industrial park near the intersection of I-35 and Loop 363.

Construction is expected to start in third quarter 2019. It is expected to create 266 jobs.

The company currently has a facility at 2526 Charter Oak Drive where it employs about 80 people.

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Friday, November 30, 2018   /   by Scott Shine

Maximum Conforming Loan Limit Increases in 2019

Nearly all parts of the U.S. will see an increase to the maximum conforming loan amount that can be backed by Fannie Mae and Freddie Mac for 2019, according to the Federal Housing Finance Agency.

The baseline conforming loan limit will rise to $484,450, a 6.9% increase over the 2018 limit. Areas with higher housing prices may have a higher conforming loan limit. You can find a list of conforming loan limits by county at fhfa.gov.

This marks the third straight year that the maximum conforming loan amount has increased after 10 years of it being steady.

Conforming loan limits are based on average home prices. According to the FHFA, house prices increased 6.9% between the third quarters of 2017 and 2018, leading to conforming loan limits growing by the same amount. Conforming loan limits are also used to define FHA limits.

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Friday, November 16, 2018   /   by Scott Shine

Texas unemployment hits historic low . . . again

AUSTIN (Texas Workforce Commission) – Texas’ seasonally adjusted unemployment rate fell to 3.7 percent in October, reaching its lowest level since January 1976.

According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment rate fell from 3.8 percent in September. The Texas economy added 32,300 seasonally adjusted nonfarm jobs last month. The state's annual employment growth was 3.1 percent in October, marking 102 consecutive months of annual growth. The Texas metro with the lowest nonseasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 5.5 percent.

The mining and logging industry saw the largest seasonally adjusted growth in employment from October 2017 to October 2018, growing 17.2 percent. The information industry was the only one to lose jobs with employment dropping 2.3 percent over the year. The government industry was the only one that saw no change.

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Friday, October 26, 2018   /   by Scott Shine

Texas' job growth still outpacing nation's

COLLEGE STATION (Real Estate Center) – Fueled by higher oil prices, Texas' pace of job creation accelerated in September 2018.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 406,400 nonagricultural jobs from September 2017 to September 2018, an annual growth rate of 3.3 percent, higher than the nation’s employment growth rate of 1.7 percent.

The nongovernment sector added 402,500 jobs, an annual growth rate of 3.9 percent, also more than the nation’s employment growth rate of 2 percent in the private sector. Texas’ seasonally adjusted unemployment rate in September 2018 was 3.8 percent, lower than the 4 percent rate in September 2017. The nation’s rate decreased from 4.2 to 3.7 percent.

All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospita ...

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