Author: harrisondfw

Construction of office buildings and single-family homes has slowed this year, but construction hiring in Dallas-Fort Worth hasn't slowed.D-FW led the nation in construction job growth for the 12 months ending in August, according to an analysis by Associate General Contractors of America. A total of 19,700 jobs were added in the construction sector during the year.Over the same period, more than 60% of U.S. metropolitan areas experienced construction job growth.”Construction employment is increasing in most locations, but contractors everywhere are having a hard time filling positions,” Ken Simonson, chief economist at the General Contractors Association, said in a new…

DFW Economy Dashboard (August 2023) Employment growth (annualized)May-August '23 Unemployment rate average hourly wage Year-over-year growth rate of average hourly wage 5.1% 3.9% $33.69 1.1% The Dallas-Fort Worth economy expanded in August. Employment growth remained strong and the unemployment rate remained low. Demand for apartments and permits for single-family homes increased in August, but permits for multifamily housing continued to decline, due in part to tighter credit conditions and higher financing costs. Housing affordability remained low in the second quarter due to high mortgage rates. employment DFW salaried employment grew at an annual rate of 3.7% (13,000 jobs) in August…

The U.S. Small Business Administration (SBA) Dallas/Fort Worth District Office has officially opened the call for nominations for the race to nominate the region's best small businesses for the 2024 National and District Small Business Week Awards. “At this time of year, we are excited to recognize and recognize the impact small businesses and advocates have on our nation's economy,” said Herbert Austin, District Director of SBA's Dallas-Fort Worth District Office. said. SBA is looking for small businesses in North, East, and West Texas with outstanding innovation, growth, community involvement, or resilience. Submit your nominations by December 7th at 3pm…

The Texas Workforce Commission (TWC) is the state agency responsible for overseeing and providing workforce development services to employers and job applicants in Texas. TWC strengthens the Texas economy by delivering the workforce development component of the Governor's economic development strategy. Texas boasts an incredibly skilled workforce that is ready to attract companies to the Lone Star State. TWC's focus on employer needs gives Texas the competitive edge it needs to attract business.MissionOur mission is to promote and support workforce systems that create value and provide opportunities for employers, families, individuals, and communities to achieve and sustain economic prosperity. visionOur…

AUSTIN — An ERCOT program designed to shore up electricity storage has increased electricity bills for Texas utilities by an estimated $8 billion in just two and a half months.While peak electricity prices have fallen in other parts of the country, Texas is the only state where electricity prices have nearly tripled year-over-year, likely due to “artificial” electricity shortages, according to ERCOT's independent market monitor. That's what it means.Increasing power storage limits the amount of power available for daily transactions, and although sufficient power is still available, power has been on the bench during an intense heat wave. , power…

Houston returns to league play Saturday, Sept. 30, at Shell Energy Stadium, hosting in-state rival FC Dallas for Hispanic Heritage Night and the final Texas Derby game. Kickoff is scheduled for 7:30 p.m. Central Time. The Dynamo enter Saturday's game after hoisting the 2023 Lamar Hunt U.S. Open Cup trophy in South Florida on Wednesday. After first-half goals from defenseman Griffin Dorsey and forward Amin Bassi, Houston defeated Inter Milan CF 2-1, with owner Ted Segal, general manager Pat Onstad and head coach He won his first title under Ben Olsen. The victory also marks Houston's fourth domestic title in…

A high-rise building north of downtown Dallas is joining the growing list of local office buildings in disrepair.Uptown Tower, located at 4144 North Central Expressway, was built in 1982 and renovated in 1994.The 253,561-square-foot, 12-story tower is more than 80 percent leased. Tenants in the building include Pfizer Wealth, Worth Ross Management, Hotel Brokers of America and Hightower Law Group.Since 2013, the building, formerly known as Amberton Tower, has been owned by a Houston-based investor. The mortgage on more than $14 million of Tower's debt was transferred to special repayment in June, Morningstar Credit reported.Read more D-FW real estate newsAshford…

Dallas County, which has the highest number of people experiencing homelessness in Texas, is working with local governments and nonprofit organizations to combat the crisis through a real-time rehousing program.The county has seen results with the program, which began in October 2021, with chronic homelessness decreasing by 32% and unsheltered homelessness decreasing by 14%.The nonprofit Housing Forward leads and manages the Real-Time Rehousing strategy. So far, he has registered 3,264 people and 1,548 people have moved into housing. The $72 million effort administers $2,440,452 in flex funds and is primarily funded through the American Rescue Plan Act.In addition to temporary…

Dwayne Johnson and XFL Chairman and Owner Danny Garcia attend the July 2022 XFL Showcase at Choctaw Stadium in Arlington. [Photo: Rick Yeatts/XFL] The long and winding road of the XFL has reached another turning point that could solidify spring football as an option for NFL fans. The XFL and the United States Football League announced plans to merge Thursday. “The new league will build on the most recent seasons of both leagues and establish a best-in-class operation,” the XFL and USFL said in a joint statement. “This historic combination anchors professional spring football with substantial capacity and resources, ensuring…

A week after one of downtown Dallas' largest office tenants announced plans to exit, one of the area's top developers says the city's core needs a new generation of office space. .Over the past decade, several businesses have moved from downtown to new buildings uptown. Bank of America plans to leave its longtime home on Main Street and build a 30-story tower just north of downtown.”Downtown needs new office space,” says Lucy Burns, a partner at Dallas-based Billingsley, one of North Texas' most successful office builders. “Uptown is getting a lot of that.”Downtown needs some help to continue to attract…