Marcus Hiles On Texas’ Role In Modern Development

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  • Tagged <a href="" rel="tag">Better Education</a>, <a href="" rel="tag">Competitive Workforce</a>, <a href="" rel="tag">Education Initiatives</a>, <a href="" rel="tag">Fort Worth</a>, <a href="" rel="tag">Marcus Hiles Fort Worth</a>, <a href="" rel="tag">Marcus Hiles Houston</a>, <a href="" rel="tag">Marcus Hiles-San Antonio</a>, <a href="" rel="tag">Real Estate Market</a>
  • February 27, 2017
  • From a local perspective, Texas has shown no shortage of development. Homes are being constructed at their fastest pace in Dallas-Fort Worth in nearly a decade, and studies by the University of Texas show that employment has consistently trended positively in San Antonio, and research director of UTSA Institute for Economic Development, Thomas Tunstall, expects that “growth will continue to flow into the local economy for years.” Marcus Hiles maintains that the best way to further enlarge the housing market statewide will be through sustained enactment of strong laws that protect and increase the labor force. The recent past provides a solid testimony for this position: after the housing bubble crisis decimated real estate prices nationwide, the Dallas-Fort Worth metroplex was less affected than nearly every other major city, with a Fortune article asserting that the cause for the robust economy traces back to the “more than 100,000 new jobs added each year in North Texas.” The rationale lies in its reputation for being business-friendly region with major corporations like Toyota, State Farm and Liberty Mutual relocating to the fourth-most populous American urban center in recent years. Forbes suggests that zoning and land-use construction burdens may be lifted throughout the U.S., as the new presidential administration could usher in an era of eased regulations and lowered building costs. Relaxed protocols for small banks may allow them to conduct business differently and boost development as well, having the flexibility to approve more loans for new housing projects.

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