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Posted on: February 18, 2020

Outlook for the Texas Economy - 2019 Texas Growth

Texas Real Estate Center

Outlook for the Texas Economy

By: Luis Torres, Wesley Miller, Paige Silva, and Griffin Carter (Feb 14, 2020)

The Texas economy grew at a solid pace in 2019 in the midst of one of the longest expansionary cycles in state history.

Crude oil production, residential construction, housing sales, and commodity exports increased. The labor market remained strong with record-low unemployment, stable job growth, and improved labor force participation, although initial unemployment claims rose modestly. 

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