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Re: DFW Economy

Posted: 12 Sep 2017 18:25
by Tivo_Kenevil
DPatel304 wrote:Dallas isn't that desirable, especially when you talk about city living.


Re: DFW Economy

Posted: 12 Sep 2017 18:28
by tanzoak
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%).

Re: DFW Economy

Posted: 20 Sep 2017 08:47
by Cord1936
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:

Re: DFW Economy

Posted: 20 Sep 2017 09:27
by tamtagon

~~The Oil & Gas Cartel

Re: DFW Economy

Posted: 20 Sep 2017 11:48
by tamtagon
Cord1936 wrote:DFW's GDP is now $511,606,000 billion - up from $493,048,000 billion in 2015.
GDP release:

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....

Re: DFW Economy

Posted: 20 Sep 2017 12:56
by Tnexster
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.

Re: DFW Economy

Posted: 08 Oct 2017 21:17
by Cord1936
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

Re: DFW Economy

Posted: 22 Dec 2017 18:03
by Tnexster

Re: DFW Economy

Posted: 27 Dec 2017 20:18
by Tnexster
D-FW's office market is heading into 2018 on a high note ... -high-note

Re: DFW Economy

Posted: 27 Jan 2018 19:19
by Cord1936
DFW Building Activity Topped $22.2 Billion in 2017
By Steve Brown, Dallas Morning News, 01-25-18


* DFW set a new all-time construction volume record at $22.2 billion in 2017
* DFW ranked as number 2 in the nation in 2017 after NYC's $41.1 billion
* DFW 2017 dollar volume is 6% more than 2016, which itself had been the previous record
* DFW commercial building activity totaled $9.6 billion, a 10 percent gain from 2016
* DFW residential building construction hit $12.6 billion, a 2 percent rise from 2016


Re: DFW Economy

Posted: 01 Feb 2018 11:53
by Cord1936
This relocation by CBRE Hotels from Houston to Dallas is a prime example of what is occurring on a much broader and larger context. The age old "struggle", if you will, between Houston and Dallas for supremacy has been decided ... Dallas already has and is pulling away from Houston in ever greater ways with each passing day.

The Dallas region is now 4th largest GDP in the nation (Houston falls from 4th to 6th), Dallas region has 22 Fortune 500's (Houston falls from 26 to 20), Dallas is literally number one in the nation in just about every major financial and economic metric (with Houston in many instances literally falling off the map).

Houston's role is number two in Texas and consequently the entire South, still quite important of course, but now must accept it has an ever more apparent supporting role to Dallas as the number one throughout the South and number 4 nationally.

The positions and roles of the two respective cities and regions have flipped. About the only major category that Houston now tops Dallas on is in its greater city population ...

CBRE Hotels Says, 'Adios, Houston' And 'Hola, Dallas'
CBRE Hotels South-Central To Pack Its Bags And Head North

by Jeremiah Jensen, Dallas BisNow, January 31, 2018

CBRE is moving its hospitality consulting and advisory services for the South-Central U.S. region from Houston to Dallas.

“Dallas is the quintessential location for focusing our services throughout the South-Central U.S. In addition to DFW’s centralized location, transportation hub and growing tourism, Dallas is home to many hotel franchises, representatives, management companies, developers and investors, as well as an essential financial market for our industry. This restructuring will enable us to expand our advisory services to ultimately better serve a broader range of our hotel clients,” CBRE Hotels Director, Consulting, Jeff Binford said in a statement.

The reason Dallas is the quintessential location is simple. Dallas is the busiest, biggest hotel market in Texas.

According to Marcus & Millichap research, Texas has the largest construction pipeline in the nation and out of all the Texas markets, Dallas has the largest pipeline of hotel rooms by far.

The data from the second half of 2017 puts Dallas at roughly 8,000 rooms in the pipeline and second place Houston has about 6,000 rooms in its pipeline. The report indicates this may hurt occupancy for a while, but it also says demand remains strong as occupancy in Texas trends in the mid 70% range, well above the national average of around 65%.

CBRE Hotels will work out of 2100 McKinney Ave., a 352K SF, Class-A property in Uptown.


Re: DFW Economy

Posted: 01 Feb 2018 12:45
by tamtagon
Glad to see references to the economic reach of Dallas expanded to South Central rather than Southwest. The reference may seem like a subtle change, but the reality is huge -- it's not just Texas, Oklahoma, New Mexico and part of Lousiana... it's Texas, Oklahoma, New Mexico, Lousiana, Arkansas, Kansas parts of Mississippi, Colorado.... growing!

Houston has lived through swings like this for decades. Exxon has been reported to expect tripled Permian Basin oil/gas production over the next five years, and Mexico is primed to finally turn back into a major oil/gas producing country -- both of these growth markets will be channeled through Houston.

I really want the renewable energy companies to move HQs to North Texas, Fort Worth being the ideal downtown setting for them.

Re: DFW Economy

Posted: 01 Feb 2018 13:27
by Tucy