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Tuesday, October 20, 2020
Real Estate Housing up in 2019

Housing up in 2019

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Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

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Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Housing construction in the U.S. was struggling at the start of 2019. Yet it ended the year with a blowout performance. In December, construction jumped 16.9% to a seasonally adjusted annual rate of 1.61 million homes. That was the highest level in 13 years, since the most recent housing boom. Construction of single-family homes reached a seasonally adjusted annual rate of 1.01 million homes, the highest level in nearly 12 years. And the building of apartments of five or more units hit a rate of 536,000, the best showing in more than three decades.

The gains were attributed to a strong job market, with unemployment at a five-decade low. Falling mortgage rates have also helped. The average 30-year fixed mortgage is now 3.65%, down from 4.45% at this time last year. Economists say they think the housing market, which had been weakening since early 2018, will keep providing support to the economy. But there are constraints, namely shortages of building lots and of available construction workers in some areas.

Latest News

Corinth, Prattco acquire additional business park buildings

To Date, The JV Partnership has invested $50 million in Almost 700,000 SF of North Texas Industrial Space With...

Real Deals: Properties sold, leased

SALES Marcus & Millichap (NYSE: MMI) has sold Aero, a 200-unit apartment property in Fort Worth. Al Silva,...

Logistics firm takes industrial space near DFW Airport

E&A TransPros Inc., an Illinois-based logistics firm, has landed in 19,643 square feet of industrial space, expanding at a new location closer...

400 acre site sold in Cedar Hill, Midlothian for homes, commercial development

 The site’s rolling terrain with changes in topography up to 300 feet allows the future master-planned community to feature spectacular views in...

UMB Bank continues growth in DFW market

UMB Bank Market Share 2020 UMB ranks No. 1 for market share in its headquarters of Kansas City with 23%...