Dallas Fort Worth Urban Forum

DFW Economy

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Tivo_Kenevil
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Joined: 20 Oct 2016 12:24

Re: DFW Economy

Postby Tivo_Kenevil » 12 Sep 2017 18:25

DPatel304 wrote:Dallas isn't that desirable, especially when you talk about city living.

Yep.

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tanzoak
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Joined: 18 Dec 2016 19:15

Re: DFW Economy

Postby tanzoak » 12 Sep 2017 18:28

DPatel304 wrote:Ah, that's good to know. That is definitely interesting, but I'm not so sure it represents a 'shift', just yet. I think there is demand for both suburb living and city living, but, the thing is, DFW suburbs are HIGHLY desirable, so it's no surprise they are still going strong. Dallas isn't that desirable, especially when you talk about city living.

Also, I'm curious to know if the suburbs were late to the party when it comes to multi-family construction. Is it possible that Dallas had a strong start with multi-family construction, while the suburbs were still building single-family homes, and now things are generally balancing out?


Non-Dallas single-family permitting has actually increased more (+61%) than non-Dallas multifamily permitting (+16%).

Dallas single-family permitting hasn't changed too much (-12%), especially compared to multifamily (-57%).

The 2011-2016 boom was certainly more city-oriented (Dallas >20% of all DFW permitting) than where we're at now (12%) or the 2002-2007 boom (~10-12%).

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Cord1936
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Location: Henderson @ Belmont

Re: DFW Economy

Postby Cord1936 » 20 Sep 2017 08:47

GDP by metropolitan area for 2016 was released this morning by the BEA.

Dallas/Ft. Worth ascended to the 4th largest economy in the nation, supplanting Houston/Woodlands in that spot, and jumping two places from 6th in 2015 to 4th in 2016!

Dallas/Ft. Worth leapt over both Washington D.C. and Houston/Woodlands in a single year ... pretty darn impressive!

DFW's GDP is now $511,606,000 billion - up from $493,048,000 billion in 2015 - increasing by $18,558,000 billion and at a strong +3.8% clip.

Houston/Woodlands dropped to 6th largest economy from 4th due to the oil downturn.

Houston/Woodlands is now $478,618,000 billion - down from $496,708,000 billion in 2015 - contracting by $18,091,000 billion and at a negative 3.6% rate.

Houston/Woodlands was the only major metro to suffer a decline year-over-year in the latest GDP release, falling two places from 4th to 6th in a single year.

GDP release: https://www.bea.gov/newsreleases/regional/gdp_metro/2017/gdp_metro0917.htm
Last edited by Cord1936 on 20 Sep 2017 15:37, edited 3 times in total.

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tamtagon
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Re: DFW Economy

Postby tamtagon » 20 Sep 2017 09:27

inconceivable.jpg


~~The Oil & Gas Cartel
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tamtagon
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Re: DFW Economy

Postby tamtagon » 20 Sep 2017 11:48

Cord1936 wrote:DFW's GDP is now $511,606,000 billion - up from $493,048,000 billion in 2015.
GDP release: https://www.bea.gov/newsreleases/regional/gdp_metro/2017/gdp_metro0917.htm


A different perspective:

$850,000,000.00 San Fran-San Jose-Sacto
$800,000,000.00 I-35 corridor, Dallas-Waco-Temple-Austin-San Anton-Laredo
$700,000,000.00 Washington DC-Baltimore

Texas is moving up in the world, totally for sure, but there's a long way to go....

Tnexster
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Joined: 22 Oct 2016 16:33
Location: Dallas

Re: DFW Economy

Postby Tnexster » 20 Sep 2017 12:56

That is quite a drop for Houston, I wonder how the floods will impact them? Lots of economic activity in rebuilding but not sure about the longer term prospects.

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Cord1936
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Location: Henderson @ Belmont

Re: DFW Economy

Postby Cord1936 » 08 Oct 2017 21:17

Tnexster wrote:That is quite a drop for Houston, I wonder how the floods will impact them? Lots of economic activity in rebuilding but not sure about the longer term prospects.


It's actually far worse than anyone realizes. Houston/The Woodlands has had negative GDP for three straight years ... with their latest GDP they are lower than they were in 2013.

You have to go back to 2012 as a comparison in order for their current GDP reading to be considered positive growth.

Houston/The Woodlands has at best been treading water this year and Harvey's effects will probably cause a contraction in GDP for them again when this year's numbers are released a year from now.

Unless oil soars to the $100 range again it is going to be a long, hard slug for them to pull out of the hole they've fallen into, if ever. A return to $100 oil is not being predicted by any analysts and really just doesn't appear to be in the cards ever again.

It is now appearing that 2016 is going to be viewed as the watershed year in which DFW pulled ahead of Houston/The Woodlands in a manner so definitive on several key indices and levels ... that we will not look back for a very, very long time ... if ever.

DFW is now the economic king and powerhouse in Texas ... and the rock solid # 4 in the nation ... and we should retain those positions indefinitely into the future (barring some extraordinary geopolitical rupture).

Image2016 Top 10 Metropolitan Areas by GDP, on Flickr


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