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Journal Article
Foreclosure Prevention Efforts Continue in Texas Metro Areas
Although the level of seriously delinquent mortgages in Texas is slightly improved from one year ago (see the accompanying article), such mortgages are still at very high levels in the metro areas. For example, over 30,000 households are at least 90 days delinquent on their mortgage in the four-county Dallas-Fort Worth metro area as of December 2010.
Journal Article
Survey of Low-Income Housing Tax Credit Properties
In 1987, states began offering federally authorized tax credits to investors to encourage the development of low-income rental housing—with the stipulation that the rents remain "affordable" for at least 15 years. Now—as that 15-year mark looms—a Dallas Fed survey of Low-Income Housing Tax Credit (LIHTC) properties located in Texas has found that 76 percent of the property owners plan to keep their housing affordable for low-income families, but many are in need of repair.
Journal Article
Hotter summer days heat up Texans but chill the state economy
As climate change intensifies over the next decade, summer heat waves will likely become more common and severe. The effect on Texas GDP growth is likely to be twice as pronounced as in the rest of the U.S. Meanwhile, the effect on job growth will likely be relatively subdued but vary widely across sectors.
Journal Article
The 1997 Texas economy beats expectations
Journal Article
Go Figure: If Texas were a country…
Texas is comparable to entire countries—and so are some of its urban areas.
Record-breaking Texas summer heat tests the grid, ERCOT operations
Texas just witnessed its second-hottest summer ever and its highest electricity demand without experiencing interruption to electricity delivery.
High-tech hotspot Austin works to solve labor, housing issues
In the fourth stop on her 360° in 365 Listening Tour, Dallas Fed President Lorie K. Logan met with Austin business and community leaders in January to learn about the area’s strengths, challenges and outlook.
Journal Article
Regional update
Journal Article
New disruption from artificial intelligence exposes high-skilled workers
With workers still grappling with the consequences of automation, the lightning-speed pace of artificial intelligence (AI) development poses fresh concerns of a new wave of worker displacement.
Journal Article
The Texas index of leading economic indicators: a revision and further evaluation
In this article, Keith R. Phillips revises the Texas index of leading economic indicators that he introduced two years ago. He does so in response to recent structural changes in the state economy and the availability of new data. The Federal Reserve Bank of Dallas has produced the Texas leading index monthly since July 1988. ; Using a newly developed technique for evaluating leading indexes, Phillips finds that the revised Texas leading index has performed well in predicting movements in the Texas economy since 1981. He also finds that monthly revisions in the leading index are generally ...