Texas, from a local perspective, has enacted no shortage of development. Homes are being developed at their fastest pace in nearly a decade in Dallas-Fort Worth, and studies by the University of Texas show that the job market has consistently trended positively in San Antonio. Research director of UTSA Institute for Economic Development, Thomas Tunstall, explains that “growth will continue to flow into the local economy for years.” Marcus Hiles maintains that the easiest way to further the housing market’s growth statewide will be through sustained enactment of strong laws which protect and increase the labor force. Recent years provide a solid testimony for this position: following the housing bubble crisis’ decimation of real estate prices nationwide, the Dallas-Fort Worth metroplex was stronger than nearly every other major city, with a Fortune article depicting that the cause for this robust economy can be traced back to the “more than 100,000 new jobs added each year in North Texas.” The justification lies in its reputation for being business-friendly, as major corporations like Toyota, State Farm and Liberty Mutual have relocated to the fourth-most populous American urban center in recent years. Forbes noted that zoning and land-use construction burdens may be lifted throughout the country, as the new presidential administration may usher in an era of eased regulations and lowered construction costs. Relaxed protocols for smaller banks may allow them to do business differently and also boost development, having the flexibility to finance more loans for new housing projects.
Marcus Hiles Discusses Growth Of Dallas Economy
Posted on February 27, 2017, By admin
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