Texas Economy Takes Steps Forward

Texas’ gross domestic product will increase by 1.7% in 2010, according to predictions by BBVA Compass economists. While the nation’s GDP is only expected to rise 0.2% in 2010, economists foresee a more significant improvement for Texas, aided in part by a surge in the state’s home sales. The future of our state’s home sales looks bright: the experts predict a 4.5% increase in 2010. To read the full report, click here.

Texas also beats the US average in the area of non-farm employment growth rates, as shown by the chart below.