D-FW apartment rents rise higher than national average with a jump in January

North Texas apartment renters just can’t catch a break.

After near record rent increases last year, a just-released snapshot of January’s Dallas-Fort Worth apartment market shows more rent hikes are on the way.

Dallas-area apartment rents were up 5.7 percent last month compared with January 2015, according to the new research from apartment analyst Axiometrics Inc.

Read More Here on The Dallas Morning News

Case-Shiller: Dallas-area December home price gains the largest in almost 2 years

Dallas-area home prices posted another lofty gain in the latest nationwide comparison.

Dallas prices were up 9.6 percent in December from a year earlier in the Standard & Poor’s/Case-Shiller Home Price Index released Tuesday.

The local home price rise was among the five largest such increases in the country and was almost twice the nationwide gain of 5.4 percent.

Read More Here on The Dallas Morning News

Labor market back on track in October, fueling chances of interest rate hike

October saw the labor market return to form after a two-month slowdown, adding 271,000 net new jobs across industries. This brought down unemployment to 5 percent, the lowest rate seen during the recovery so far.

Notable over the past few months has been a rise in wages in an otherwise low-inflation environment, which will boost GDP personal expenditures in the coming quarters. Wages have risen by 2.5 percent, greater than the increase in jobs (2.0 percent) and prices (no growth).

Similarly, bachelor’s degree-holder unemployment of 2.5 percent means that companies are actively recruiting talent, giving workers improved confidence.

These improvements in fundamentals are also boosting the chance of an interest rate hike by year-end, as the economy continues to approach the Federal Reserve’s targets.

For a thorough analysis, click on SlideShare.

Texas has fifth-best business climates in U.S., magazine says

Site Selection touts Texas as having one of the best business climates in the nation, according to the November 2015 issue of the magazine.

Georgia ranked No. 1 followed by North Carolina, Kentucky, Louisiana and Texas to round out the top five spots. States were ranked partly by a survey of corporate real estate executives and in part on an index made up of seven criteria, including new facilities per capita in 2014, total new projects in 2015 and state tax burdens.

Read more from the Austin Business Journal

ADP says Texas gained 18,100 private-sector jobs in August, more than in July

Texas added 18,100 private-sector jobs in August, according to a a new report by payroll processor ADP.

The state ranked second to California’s estimate of 32,300 new jobs last month. Still, the forecast for Texas was higher than ADP’s estimate of 15,500 private-sector jobs in July, but slightly under June’s prediction of 18,500 jobs.

Read more on the Dallas Morning News

Houston leads nation in apartment growth

Multifamily permitting activity continues to grow in Houston despite an apparent slowdown in the market, according to a new national report.

The Houston metropolitan area ranked No. 2 nationally for the number of apartment permits issued over the past 12 months trailing May, according to Axiometrics Inc., a Dallas-based multifamily research company. Axiometrics used U.S. Census Bureau data on residential permit activity to compile its monthly report

Houston-area developers received permits for 23,340 multifamily units in the 12 months trailing May, a 21 percent increase from the previous year

Read More Here on the Houston Business Journal

Land purchases near Telecom Corridor pave way for mixed-use development

A Carrollton-based real estate company has purchased almost 170 acres just east of the Telecom Corridor with plans for a mixed-use development.

Standridge Cos. bought up the land along Bush Turnpike at Campbell Road over several years in a series of transactions.

The company still has one purchase scheduled to close in about 60 days. The land has been rezoned for mixed-use development with retail and residential.

Read More Here on The Dallas Morning News

Domain attracts host of new restaurants, bars

The Domain mixed-use shopping center in North Austin is getting four new bars and restaurants, reports the Austin American-Statesman.

According to the report, the new food-and-drink establishments will be a part of a 100,000 square-foot development at the Domain dubbed Rock Rose, which has already signed up bars and restaurants including the Lavaca Street Bar and Kung Fu Saloon.

Read More Here on Austin Business Journal 

Mixed-use development to break ground in Imperial Sugar Land

Plans for a mixed-use development in Imperial Sugar Land are taking off.

The Houston Chronicle reported that the 270,000-square-foot Imperial Market will include a 120-room Aloft Hotel, 86,400 square feet of offices, 275 luxury apartments to be developed by Houston-based Sueba USA Corp., retail space and a fitness center.

Much of the space will be built in redeveloped historic structures, such as Imperial Sugar’s old three-bay warehouse and sugar silos.

Read More Here on the Houston Business Journal