Marcus Hiles, the CEO of Western Rim Property Services, says that Texas initiatives have created job growth that outpaces the rest of America. Texas achieved post-recession job replacement two years ahead of the nation as a whole. In January 2016 more than 1.3 million jobs were established, which carried the state to slightly above its pre-recession employment peak. Because the Texas unemployment rates have been gradually less than in the rest of the country – earlier this year, it was 4.4 percent compared to 5 percent nationwide – consumer confidence has been strong. May’s Texas Consumer Confidence Index (CCI), which analyses financial optimism through savings and purchasing habits, was 117.6, in contrast to the U.S. CCI of 92.6. The vigorous Texas economy – stimulated by $5 billion in tax reductions over the past three years – has also been beneficial to the housing market. The annual price of existing homes went up by 5.9 percent and the number of single-family building permits increased by 6 percent. Read More: http://www.marketwatch.com/story/marcus-hiles—-encourages-everyone-to-follow-texas-pro-growth-policies-2016-06-24
Marcus Hiles, the founder and CEO of Dallas-based Western Rim Property Services, appreciates that state policies have generated more jobs than anywhere across the nation. Overall, the Lone Star State succeeded in its post-recession job recovery more than two years ahead of the rest of the country, and by January 2016 had launched more than 1.3 million jobs, in addition to its pre-recession employment peak. As the unemployment rate has always been lower in Texas than in the rest of the country, reaching 4.4 percent in April as opposed to 5 percent nationwide – consumer confidence has been vigorous. May’s Texas Consumer Confidence Index (CCI), which evaluates economic optimism based on savings and spending habits, was 117.6, while this number was 92.6 for the entire U.S. CCI ratings. Texas vibrant economy – stimulated by more than $5 billion in tax cuts over the last three years – has also been a value added to the housing market. The price of existing homes increased by 5.9 percent in comparison to previous years, while the number of single-family residences rose by 6 percent.