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DFW market news - 2017-8-2

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DFW Housing Market News and Trends

 

DFW GROWTH NATIONAL NEWS: U.S. Counties With Strongest Economic Growth.
 
CBS News, August 4, 2017. America's cities have earned a reputation for drawing young workers and retirees, eager for short commutes and cosmopolitan life, but the suburbs may be ready for their prime time. Examining county-level data can help identify trends about growth and economic diversification, said Matthew Mowell, senior economist at Oxford Economics, which started forecasting county-level economic growth earlier this year. Six out of the nine counties forecast to have the strongest economic growth over the next five years are suburban. Two are considered core counties, or urban, while one is exurban. [The top two counties are in the Dallas-Fort Worth area.]

  1. Denton County is forecast to experience the strongest economic growth over the next five years, at 4.1 percent. Home to parts of Dallas and Fort Worth, the county is experiencing population and economic growth, although on a smaller base than some of country's other top-growing regions.

  2. Collin County, Texas, [also] in the Dallas-Forth Worth area, is projected to enjoy 4 percent compound annual growth rate over the next five years. The county's economic base is expanding beyond traditional suburban industries like retail and into technology and professional services, Mowell said.

  

Posted on Friday, August 11th, 2017 at 1:54 pm by H. David Ballinger		  


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