NewsTalk Texas RSS NewsTalk Texas compiled by the Real Estate Center at Texas A&M University

  • Texas jobless claims rise for third straight week, even without extra benefits
    on July 23, 2021 at 10:00 pm

    ​​​​​​​​​​COLLEGE STATION – ​Even without extra federal unemployment assistance, initial jobless claims continue to increase as the labor market gradually recovers​​​.​​​Initial claims in Texas increased to​​​​ 43,500 the week ending July 17. About 5.34 ​​million unemployment claims have been filed since​ March 21, 2020, according ​to U.S. Department​ of Labor (DOL) data. Continuing unemployment claims increased ​to 185,000 the week ending July 10."Transitions from unemployment to employment have likely been reduced by the effect of the pandemic on women," said Dr. Luis Torres, a research economist for the Texas Real Estate Research Center. "Women in the 25-to-34-year age group were more likely than men to leave their jobs to take care of children because of in-person school and daycare closures. This outcome should be reverted once schools and daycares return to in-person learning and caregiving during the fall."Other possible factors affecting the transition from unemployment to employment could be the lingering pandemic, early retirement, and the possibility that people are taking more time to consider other career paths," said Torres. "Record job openings suggest that while​ the economy is still short of pre-COVID employment levels, it is not due to insufficient labor demand."​​Last week, U.S. initial claims increased to 419​,200, bringing the 70-week total to 85.7 million. More people in all of Texas' major and border metros filed new unemployment claims the week ending July 10, marking two straight weeks of increases. ​​​Using data from the DOL and the Employment and Training Administration, the Center has estimated unemployment claims for Texas' major and border metros since March 21, 2020:Houston-The Woodlands-Sugar Land, 1.26 million claims;Dallas-Fort Worth-Arlington, 1.22 million claims;San Antonio-New Braunfels, 368,600 claims;Austin-Round Rock, 311,600 claims;McAllen-Edinburg-Mission, 148,100 claims;El Paso, 126,200 claims;Brownsville-Harlingen, 65,200​​ claims; andLaredo, 36,600 claims. ​​​Administrative/support/waste management/remediation services registered the highest number of initial claims the week ending July 10. The sector was followed by retail trade, accommodation and food services,​ construction, and healthcare and social assistance.​ ​The Texas Real Estate Research Center has a wealth of economic information online for free.2021 Texas Housing & Economic OutlookPodcast 453: New year, new opportunitiesCOVID-19 Impact Projections on ​Texas Economy​Texas employment data​Monthly Review of the Texas Economy​​​Source: Texas Real Estate Research ​Center​​​​​​​​​​

  • $36.5M elementary school opening in Aledo
    on July 23, 2021 at 5:00 pm

    ​​ALEDO – Satterfield & Pontikes is nearing completion of Annetta Elementary School, a $36.5 million project that will support 800 students.Located at 2396 W. FM 5, the 107,391-sf project features grade-level pods with collaborative learning spaces and an open library that overlooks a learning​ hub. PBK was the architect, and Dunaway was the structural engineer. Opening is set for August.​The Texas Real Estate Research Center​​​​ has more Dallas-area education news​ online for free. ​​Source: REBusiness Online​

  • Kinloch to construct 500 build-to-rent homes in Royse City
    on July 23, 2021 at 4:00 pm

    ​​​​​​​​​​​​​ROYSE CITY – Kinloch Partners LLC has purchased multiple lots with plans for a build-to-rent subdivision.The homes will range from 2,000 to 2,500 sf and be priced from $200,000 to $300,000. Rent will be under $2,000 per month. Kinloch will build 500 rental homes in the next 18 months. The Texas Real Estate Research Center has more information on housing:​Houston-area housing news​Texas Housing InsightHouston-area housing reports​Home Price IndexHousing Activity DataSource: PRNewswire​

  • Seefried completes 3.8M-sf warehouse for online retailer
    on July 23, 2021 at 3:00 pm

    ​​​​​​PFLUGERVILLE – Atlanta-based developer Seefried Industrial Partners has completed a 3.8 million-sf warehouse and distribution center.  The five-story building​ has 63 loading docks, 372 trailer stalls, and 1,846 car parking stalls. CESO Inc. designed the property, with the Conlan Group and Jones/Carter serving as the general contractor and civil engineer, respectively. While the name of the occupier was not disclosed, Amazon, which has worked with Seefried in the past, had previously announced plans to open a major fulfillment center in the city.The Texas Real Estate Research Center has more industrial news for Austin-Round Rock:Texas Quarterly Commercial ReportLocal industrial news​​Source: REBusiness Online

  • Sky-high: apartment rents becoming unattainable for many
    on July 23, 2021 at 3:00 pm

    ​​SANTA BARBARA – According to Yardi Matrix’s commercial real estate data, nine of 30 U.S. markets have experienced double-digit growth in year-over-year multifamily rent.Of Texas' major metros, Austin​​ had the highest apartment rent increase at 8.9 percent. Dallas and Houston's apartment rents grew 7.3 and 4.7 percent, respectively. Non-leased apartment​ asking rent grew 6.3 percent from June 2020 to June 2021. The national average apartment rent in June was a record $1,482.Single-family rental units grew the fastest at 11.1 percent year-over-year growth. Read the Texas Real Estate Research Center's latest Texas Quarterly Apartment Report for more.​Source: Houston Business Journal