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Home   About Us   Membership   Education   Events   Contact Us           March 05, 2015

 



Senate OKs $2.5 billion boost to TxDOT's annual funding
The Dallas Morning News
The Senate put transportation funding squarely in the fast lane Wednesday, approving as its first legislation of the year two measures that could generate an additional $2.5 billion annually for Texas roads. The proposals — each passed on a 28-2 vote — would tie part of the taxes collected on vehicle sales to the Texas Department of Transportation. The idea could help unclog the state's congested roadways and discourage the proliferation of tolled roads.
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State urges judge to keep immigration plan on hold
The Texas Tribune
A coalition of states' attorneys general argued that President Barack Obama's own actions should convince a federal judge to keep a controversial immigration plan on hold. The response comes after the administration asked U.S. District Judge Andrew Hanen to let Obama's executive action on immigration, which was announced in November and would grant millions of undocumented immigrants a renewable work permit and temporary reprieve from deportation, proceed while the issue plays out in the courts.
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2014 Texas oil and gas taxes and royalties hit $15.7 billion
Fort Worth Star-Telegram
The oil and gas industry's economic impact on Texas has reached historic levels. In 2014, Texas oil and natural gas delivered a record $15.7 billion in state and local taxes and royalties, the highest such collection from the oil and gas industry in Texas history. Beyond its iconic imagery, the oil and gas industry has a long and continuing legacy of providing billions of dollars in tax revenue each year that directly funds our schools, roads, first responders, essential public services and more.
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Analysis: Fear of spending even extends to tax cuts
The Texas Tribune
Some politicians think it's easier to change the state constitution than to take a tough vote on the budget. They might even be correct. The constitution limits how fast the state budget can grow; voters put that in there in 1978. It doesn't limit everything. The cap applies to spending of state tax revenue, which exempts funds from the federal government, various state fees, dedicated taxes like the one on motor fuels, investment income and the lottery.
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Out-of-state population growth driving new home sales in San Antonio
San Antonio Business Journal
Wondering why so many out-of-staters are looking to plant roots in San Antonio? The latest Texas Homebuyers and Sellers report may provide a few clues. The Texas Association of Realtors released the 2015 report, which showed not only that the state leads in median household income growth, but also in new home sales. Between July 2013 and June 2014, Texas homebuyers' median household income increased by nearly 6 percent year-over-year to $97,500, nearly four times the national increase of 1.4 percent.
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Exclusive: Brookfield lands Austin's Grand Haven Homes, kicking off 2015 acquisitions
Builder Magazine
Canadian-based builder and developer Brookfield Residential Properties is expanding its presence in Texas's capital city with the purchase of Austin-based Grand Haven Homes, which operates about 15 active communities with homes ranging from the mid-$200s to the mid-$600s. The deal closed last week, and is expected to be announced by executives from Brookfield.
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Houston real estate market kicks off 2015 with gusto
Your Houston News
The Houston real estate market began 2015 much as it ended 2014 — with home sales and prices on the rise and housing inventory at historically low levels. The majority of January sales took place among homes priced between $250,000 and $500,000, with the pace of sales slowing significantly among homes priced higher than $500,000.
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MainVue Homes moves into Dallas
Builder Magazine
When MainVue Homes opens its Dallas communities to the public, area builders will face yet another fierce out-of-town competitor eager to capitalize on the Lone Star state's healthy market. And in this context, "out of town" is an understatement.
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Texas homebuyers older, more likely to be married
Midland Reporter-Telegram
Homebuyers in Texas are older, more likely to be married and make more money than the national averages, according to the March 2015 Texas Homebuyers and Sellers Report from the Texas Association of Realtors. The study shows that between July 2013 and June 2014 median household income for Texas homebuyers increased 5.9 percent year-over-year compared with a national increase of only 1.4 percent. However, the percentage of first-time homebuyers in Texas fell 4 points to 29 percent, compared to a 5 percent decline nationally to 33 percent.
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Home types we associate with Houston neighborhoods
Houston Chronicle
The bungalow is the Houston home style that we most typically associate with the Heights, but demolition of this kind of house is rampant in that area. Those who are trying to find a way to save and preserve bungalows in the Heights say that they are doing so to save that neighborhood's character.
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Real estate bidding wars aren't going away
Phys.Org
Frenzy, frustration and disappointment are what home buyers have come to dread about real estate bidding wars. They'd better get used to it, suggests a new study. It shows that despite some drop-off over the last decade, homes sold through bidding wars have still substantially increased their share of sales over the last two decades.
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Colby Horton, Vice President of Publishing, 469.420.2601
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