Austin Economy MarketWatch - Texas A&M University · S&P 500 2134.72 1810.10 Prime Rate 3.50 3.25...
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AUSTIN ECONOMY MARKET WATCH MARCH 2016 REAL ESTATE OUTLOOK Austin Employment By Industry (Trailing 12 Months) INDUSTRY (NON FARM) JAN 2016 JAN 2015 % GROWTH Mining, Logging & Construction 58,700 52,900 11.0% Manufacturing 56,500 57,200 -1.2% Trade, Transportation & Utilities 168,800 160,500 5.2% Information 27,000 26,200 3.1% Financial Services 53,700 52,400 2.5% Professional & Business Services 162,400 153,300 5.9% Education & Health Services 113,300 107,700 5.2% Leisure & Hospitality 116,600 106,800 9.2% Other Services 40,900 39,500 3.5% Government 173,700 171,700 1.2% TOTAL 971,600 928,200 4.7% SOURCE: MLS Austin, Greater Austin Chamber of Commerce Unemployment Rate AUSTIN MSA TEXAS U.S. Year-End 2009 6.9% 7.6% 9.3% Year-End 2010 6.8% 8.3% 9.4% Year-End 2011 6.3% 7.2% 8.3% Year-End 2012 5.1% 6.1% 7.8% Year-End 2013 4.5% 5.6% 6.5% Year-End 2014 3.4% 4.1% 5.4% Year-End 2015 3.1% 4.2% 4.8% January 2016 3.2% 4.4% 5.3% Population YEAR-END AUSTIN MSA TEXAS U.S. 2009 1,705,075 24,782,302 307,006,550 2010 1,716,289 25,145,562 308,745,358 2011 1,783,519 25,674,681 311,591,917 2012 1,836,149 26,060,796 313,873,685 2013 1,885,803 26,448,193 316,128,839 2014 1,943,299 24,956,958 320,355,064 2015 2,020,452 27,469,114 321,418,820 Average Home Prices :: January 2016 AUSTIN MSA TEXAS U.S. Average Price $345,600 $256,600 $266,800 Median Price $272,300 $201,900 $224,000 Mo. of Inventory 2.1 3.2 3.9 SOURCE: Texas Workforce Commission, Bureau of Labor Statistics SOURCE: Texas A&M REal Estate Center, US Census Bureau SOURCE: Texas Workforce Commission U.S. Key Indicators This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: http://markets.wsj.com/ usoverview 52 Wk 52 Wk High Low DJIA 18351.36 15370.33 NASDAQ 5231.94 4209.76 S&P 500 2134.72 1810.10 Prime Rate 3.50 3.50 Money Mkt 0.42 0.22 52 Wk 52 Wk High Low 30 Yr Fixed 4.22 3.57 15 Yr Fixed 3.42 2.85 5 Yr ARM 3.86 3.14 Jumbo 4.97 4.00 Fannie Mae 3.750 2.979 Mining, Logging & Construction 6% Manufacturing 6% Trade, Transportation & Utilities 18% Information 3% Financial Services 5% Professional & Business Services 33% Educational & Health Services 12% Leisure & Hospitality 17% Other Services 4% Government 19% Industry Composition Austin MSA
Transcript of Austin Economy MarketWatch - Texas A&M University · S&P 500 2134.72 1810.10 Prime Rate 3.50 3.25...
AUSTIN ECONOMY MARKET WATCHMARCH 2016
REAL ESTATE OUTLOOK
Austin Employment By Industry (Trailing 12 Months)
INDUSTRY (NON FARM) JAN 2016 JAN 2015 % GROWTH
Mining, Logging & Construction 58,700 52,900 11.0%
Manufacturing 56,500 57,200 -1.2%
Trade, Transportation & Utilities 168,800 160,500 5.2%
Information 27,000 26,200 3.1%
Financial Services 53,700 52,400 2.5%
Professional & Business Services 162,400 153,300 5.9%
Education & Health Services 113,300 107,700 5.2%
Leisure & Hospitality 116,600 106,800 9.2%
Other Services 40,900 39,500 3.5%
Government 173,700 171,700 1.2%
TOTAL 971,600 928,200 4.7%
SOURCE: MLS Austin, Greater Austin Chamber of Commerce
Unemployment RateAUSTIN MSA TEXAS U.S.
Year-End 2009 6.9% 7.6% 9.3%
Year-End 2010 6.8% 8.3% 9.4%
Year-End 2011 6.3% 7.2% 8.3%
Year-End 2012 5.1% 6.1% 7.8%
Year-End 2013 4.5% 5.6% 6.5%
Year-End 2014 3.4% 4.1% 5.4%
Year-End 2015 3.1% 4.2% 4.8%
January 2016 3.2% 4.4% 5.3%
PopulationYEAR-END AUSTIN MSA TEXAS U.S.
2009 1,705,075 24,782,302 307,006,550
2010 1,716,289 25,145,562 308,745,358
2011 1,783,519 25,674,681 311,591,917
2012 1,836,149 26,060,796 313,873,685
2013 1,885,803 26,448,193 316,128,839
2014 1,943,299 24,956,958 320,355,064
2015 2,020,452 27,469,114 321,418,820
Average Home Prices :: January 2016AUSTIN MSA TEXAS U.S.
Average Price $345,600 $256,600 $266,800
Median Price $272,300 $201,900 $224,000
Mo. of Inventory 2.1 3.2 3.9
SOURCE: Texas Workforce Commission, Bureau of Labor Statistics
SOURCE: Texas A&M REal Estate Center, US Census Bureau
SOURCE: Texas Workforce Commission
U.S. Key Indicators
This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: http://markets.wsj.com/usoverview
52 Wk 52 Wk High Low
DJIA 18351.36 15370.33NASDAQ 5231.94 4209.76S&P 500 2134.72 1810.10
Prime Rate 3.50 3.50Money Mkt 0.42 0.22
52 Wk 52 Wk High Low
30 Yr Fixed 4.22 3.5715 Yr Fixed 3.42 2.855 Yr ARM 3.86 3.14Jumbo 4.97 4.00Fannie Mae 3.750 2.979
Mining, Logging & Construction
6%
Manufacturing6%
Trade, Transportation &
Utilities18%
Information3%
Financial Services5%
Professional & Business Services
33%
Educational & Health Services
12%
Leisure & Hospitality
17%
Other Services4%
Government19%
Industry CompositionAustin MSA
Copyright © 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
METHODOLOGY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
CONTACT
Karen JudsonVice [email protected]
T 512.328.5600 F 512.328.9309www.transwestern.com/austin
901 S MoPac Expressway, Suite 4-250Austin, Texas 78746
AUSTIN ECONOMY MARKET WATCHMARCH 2016
About Transwestern
Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Twitter: @TranswesternATX.
Austin Team Members
Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]
BUILDING PERMITS ISSUED :: AUSTIN MSA
SOURCE: Texas A&M Real Estate Center
PERMITS: MULTIFAMILYPERMITS: SINGLE FAMILY
1,500
1,000
500
2,000
0
500
1,000
1,500
2,000
N 2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
AUSTIN ECONOMY MARKET WATCHFEBRUARY 2016
REAL ESTATE OUTLOOK
Austin Employment By Industry (Trailing 12 Months)
INDUSTRY (NON FARM) DEC 2015 DEC 2014 % GROWTH
Mining, Logging & Construction 54,600 50,400 8.3%
Manufacturing 56,300 57,900 -2.8%
Trade, Transportation & Utilities 168,100 164,300 2.3%
Information 26,300 25,800 1.9%
Financial Services 54,300 52,600 3.2%
Professional & Business Services 165,400 152,200 8.7%
Education & Health Services 112,000 109,500 2.3%
Leisure & Hospitality 113,700 105,600 7.7%
Other Services 41,100 39,900 3.0%
Government 171,900 170,600 0.8%
TOTAL 963,700 928,800 3.8%
SOURCE: MLS Austin, Greater Austin Chamber of Commerce
Unemployment RateAUSTIN MSA TEXAS U.S.
Year-End 2008 4.4% 4.9% 5.8%
Year-End 2009 6.9% 7.6% 9.3%
Year-End 2010 6.8% 8.3% 9.4%
Year-End 2011 6.3% 7.2% 8.3%
Year-End 2012 5.1% 6.1% 7.8%
Year-End 2013 4.5% 5.6% 6.5%
Year-End 2014 3.4% 4.1% 5.4%
December 2015 3.1% 4.2% 4.8%
PopulationYEAR-END AUSTIN MSA TEXAS U.S.
2009 1,705,075 24,782,302 307,006,550
2010 1,716,289 25,145,562 308,745,358
2011 1,783,519 25,674,681 311,591,917
2012 1,836,149 26,060,796 313,873,685
2013 1,885,803 26,448,193 316,128,839
2014 1,943,299 24,956,958 320,355,064
2015 2,020,452 27,469,114 321,418,820
Average Home Prices :: December 2015AUSTIN MSA TEXAS U.S.
Average Price $345,600 $256,600 $266,800
Median Price $272,300 $201,900 $224,000
Mo. of Inventory 2.1 3.2 3.9
SOURCE: Texas Workforce Commission, Bureau of Labor Statistics
SOURCE: Texas A&M REal Estate Center, US Census Bureau
SOURCE: Texas Workforce Commission
U.S. Key Indicators
This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: http://markets.wsj.com/usoverview
52 Wk 52 Wk High Low
DJIA 18351.36 15370.33NASDAQ 5231.94 4209.76S&P 500 2134.72 1810.10
Prime Rate 3.50 3.25Money Mkt 0.42 0.24
52 Wk 52 Wk High Low
30 Yr Fixed 4.22 3.5715 Yr Fixed 3.42 2.855 Yr ARM 9.19 3.14Jumbo 4.97 4.00Fannie Mae 3.750 2.979
Mining, Logging & Construction
6%
Manufacturing6%
Trade, Transportation &
Utilities18%
Information3%
Financial Services6%
Professional & Business Services
33%
Educational & Health Services
12%
Leisure & Hospitality
17%
Other Services4%
Government19%
Industry CompositionAustin MSA
Copyright © 2016 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
METHODOLOGY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
CONTACT
Karen JudsonVice [email protected]
T 512.328.5600 F 512.328.9309www.transwestern.com/austin
901 S MoPac Expressway, Suite 4-250Austin, Texas 78746
AUSTIN ECONOMY MARKET WATCHFEBRUARY 2016
About Transwestern
Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Twitter: @TranswesternATX.
Austin Team Members
Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Fike, Associate Tenant Advisory & Agency Leasing (512) 314.5215 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]
BUILDING PERMITS ISSUED :: AUSTIN MSA
SOURCE: Texas A&M Real Estate Center
PERMITS: MULTIFAMILYPERMITS: SINGLE FAMILY
1,500
1,000
500
0
500
1,000
1,500
2,000
N 1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
AUSTIN ECONOMY MARKET WATCHDECEMBER 2015
REAL ESTATE OUTLOOK
Austin Employment By Industry (Trailing 12 Months)
INDUSTRY (NON FARM) OCT 2015 OCT 2014 % GROWTH
Mining, Logging & Construction 53,100 52,200 1.7%
Manufacturing 57,300 57,300 0%
Trade, Transportation & Utilities 163,600 159,200 2.8%
Information 26,200 25,400 3.2%
Financial Services 54,100 52,700 2.7%
Professional & Business Services 162,700 150,700 8.0%
Education & Health Services 111,700 108,100 3.3%
Leisure & Hospitality 113,900 107,600 5.9%
Other Services 41,100 39,900 3.0%
Government 172,700 171,200 0.9%
TOTAL 956,400 924,300 3.5%
SOURCE: MLS Austin, Greater Austin Chamber of Commerce
Unemployment RateAUSTIN MSA TEXAS U.S.
Year-End 2008 4.4% 4.9% 5.8%
Year-End 2009 6.9% 7.6% 9.3%
Year-End 2010 6.8% 8.3% 9.4%
Year-End 2011 6.3% 7.2% 8.3%
Year-End 2012 5.1% 6.1% 7.8%
Year-End 2013 4.5% 5.6% 6.5%
Year-End 2014 3.4% 4.1% 5.4%
October 2015 3.3% 4.5% 4.8%
PopulationYEAR-END AUSTIN MSA TEXAS U.S.
2008 1,654,100 24,304,290 304,374,846
2009 1,705,075 24,782,302 307,006,550
2010 1,716,289 25,145,562 308,745,538
2011 1,783,519 25,674,681 311,591,917
2012 1,849,303 26,060,796 313,873,685
2013 1,908,872 26,448,193 316,128,839
2014 1,943,299 26,956,958 320,355,064
Average Home Prices :: October 2015AUSTIN MSA TEXAS U.S.
Average Price $318,300 $247,400 $265,000
Median Price $256,200 $196,700 $221,900
Mo. of Inventory 2.8 3.6 4.8
SOURCE: Texas Workforce Commission, Bureau of Labor Statistics
SOURCE: Texas A&M REal Estate Center, US Census Bureau
SOURCE: Texas Workforce Commission
U.S. Key Indicators
This information is current as of the publication date of this report. If you need up-to-the-minute, real-time numbers for any or all of these key indicators, visit the WSJ Market Data Center by clicking this link: http://markets.wsj.com/usoverview
52 Wk 52 Wk High Low
DJIA 18351.36 15370.33NASDAQ 5231.94 4292.14S&P 500 2134.72 1867.01
Prime Rate 3.25 3.25Money Mkt 0.44 0.25
52 Wk 52 Wk High Low
30 Yr Fixed 4.22 3.7115 Yr Fixed 3.42 2.945 Yr ARM 4.00 3.14Jumbo 4.97 4.00Fannie Mae 3.750 3.024
Mining, Logging & Construction
5%
Manufacturing6%
Trade, Transportation &
Utilities18%
Information3%
Financial Services6%
Professional & Business Services
33%
Educational & Health Services
12%
Leisure & Hospitality
17%
Other Services4%
Government19%
Industry CompositionAustin MSA
Copyright © 2015 Transwestern. All rights reserved. No part of this work may be reproduced or distributed to third parties without written permission of the copyright owner. The information contained in this report was gathered by Transwestern from CoStar and other primary and secondary sources believed to be reliable. Transwestern, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein.
METHODOLOGY
The information in this report is the result of a compilation of publicly available data from a variety of commercial and government sources.
CONTACT
Karen JudsonVice [email protected]
T 512.328.5600 F 512.328.9309www.transwestern.com/austin
901 S MoPac Expressway, Suite 4-250Austin, Texas 78746
AUSTIN ECONOMY MARKET WATCHDECEMBER 2015
About Transwestern
Transwestern is a privately held, SSAE 16 compliant commercial real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com/austin and follow us on Twitter: @TranswesternATX.
Austin Team Members
Ty Puckett, Executive Vice President Development & Investment Sales (512) 314.3572 [email protected] Umstattd, Executive Managing Director Investment Sales & Corp. Services (512) 314.3551 [email protected] Gallagher, Managing Director Investment Sales (512) 314.3571 [email protected] Rogers, Managing Director Investment Sales - Multifamily (512) 314.5207 [email protected] Stutzman, Managing Director Investment Sales - Multifamily (512) 314.5203 [email protected] Brown, Senior Vice President Agency Leasing & Business Development (512) 314.3552 [email protected] Reed, Senior Vice President Tenant Advisory (512) 314.3577 [email protected] Johnson, Vice President Agency Leasing (512) 314.3570 [email protected] Wheeler, Vice President Agency Leasing & Tenant Advisory (512) 314.3553 [email protected] Stewart, Vice President Agency Leasing & Tenant Advisory (512) 314.3574 [email protected] Lester, Associate Vice President Agency Leasing & Tenant Advisory (512) 314.3576 [email protected] Delk, Associate Vice President Development & Investment Sales (512) 314.3557 [email protected] Jalil, Financial Analyst Investment Sales (512) 314.5206 [email protected] Ryan, Development Associate Development & Investment Sales (512) 314.3961 [email protected] Gaston, Executive Vice President Southwest | City Leader (512) 314.3554 [email protected] Judson, Vice President Marketing & Research (512) 314.3560 [email protected]
BUILDING PERMITS ISSUED :: AUSTIN MSA
SOURCE: Texas A&M Real Estate Center
PERMITS: MULTIFAMILYPERMITS: SINGLE FAMILY
1,500
1,000
500
0
500
1,000
1,500
2,000
N 1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
