January 3, 2019: I attended the first of many economic forecasts. Today was from MetroStudy, Vaike O'Grady, at the DRHorton VIP REALTOR luncheon. MetroStudy is a veteran Austin company that does forecasting with developers, homebuilders, and local MLS database information.
Here are the highlights: first Austin added 35,200 jobs , up 3.3% in 2018, and over the past 5 years has averaged approx 36,000 jobs /year.
we are 7th in the Nation for job creation. Austin expanded 7.9% annualized, mostly in Health,Professional services, and CONSTRUCTION.
Our unemployment rate (Nov. 2018) is 2.7% and has been under 4% for 5 years running.
Where are all these people coming from ? 30% are out of area, 30% of those are from California.