Sep 25, 2017.
The rising star that’s still affordable. Austin metro growth rates by select industries, 2012-2015.
This data for select industries in Austin metro region–spanning Bastrop, Caldwell, Hays, Travis, and Williamson Counties–shows impressive growth in some of the high paying industries. With houses still much more affordable compared to other fast growing metros (of Seattle, Denver & Portland as well as California), Austin is expected to be next top destination for the young and qualified. Eight out of top ten industries are in technology & management, which is very different from what we see in Seattle & Portland. In these regions, Tech and management sectors are competing with hospitality and housing for top spots.
The housing market in Austin lagged behind other fast growing regions & was one of the slowest growing sector in 2015. Therefore, even today, one should expect more affordable housing in Austin than any other west coast big city. With wage growths higher than Portland and Seattle, Austin should expect more employees from across the country. Despite ten years of solid economic growth in US, wage growth has barely nudged above 3%; a three fold rate of increase is expected to draw attention across the nation.
The farming industry is relatively small and therefore tends to have larger growth swings.
Source: Bureau of Economic Analysis (table: CA5N: Personal Income by Major Component and Earnings by NAICS Industry under Local Area Personal Income accounts).
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Previous charts-of-the-day:
Sep 29, 2017 – Top US industries by growth, 2012-2015
Sep 28, 2017 – no chart
Sep 27, 2017 – San Francisco metro growth by select industries, 2012-2015
Sep 26, 2017 – San Jose metro growth by select sectors, 2012-2015
Sep 25, 2017 – Austin metro growth rates by select industries, 2012-2015
Sep 24, 2017 – Growth by Industry in Seattle Metro (King county, WA) and Vancouver (Clark county, WA; Portland Metro), 2012-2015
Sep 23, 2017 – Growth by Industry in Portland Metro (Multnomah & Washington counties), 2012-2015
Sep 22, 2017 – Earning growth (%) by industries for Oregon, Washington & California in Q1, 2017
Sep 21, 2017 – Median 1-,2-,3-BDR rent prices in Denver, Seattle & Los Angeles, Aug 2017
Sep 20, 2017 – Median rent prices in Silicon Valley for 1-,2-,3-bedroom, Aug 2017
Sep 19, 2017 – Estimated Gross State Product for US states, 2017
Sep 18, 2017 – Gross Metro Product for top 25 US metros, 2016
Sep 17, 2017 – Median 1-bedroom & 2-bedroom rent prices for Austin, Denver & Portland Metros, July 2017
Sep 16, 2017 – Median rent in San Francisco, July 2017
Sep 15, 2017 – Median rent in San Jose, July 2017
Sep 14, 2017 – Rate of inflation in India, 2014-2017
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Sep 07, 2017 – Cash circulation in India post demonetization
Sep 06, 2017 – Foreign direct investment to India (2012-2017)
Sep 05, 2017 – no chart
Sep 04, 2017 – US productivity change (percent, non-farm businesses, by year, 2000-2016)
Sep 03, 2017 – Unemployment rate & labor participation rates, 1997-2017
Sep 02, 2017 – Earnings of men & women, up to 2015
Sep 01, 2017 – US household income trend, 2015
Aug 31, 2017 – Projected growth in fastest growing occupations, 2014-2024
Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016
Aug 29, 2017 – US household – time spent in daily chores, 2016
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Aug 27, 2017 – Peak earning vs age, 2010-2016
Aug 26, 2017 – Price change for TVs, Computer, Internet, Cable & Software, 1996-2015
Aug 25, 2017 – Number of rental units in Silicon Forest, Tanasbourne, Portland Metro
Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)
Aug 23, 2017 – Rate of homeownership & number of renters, 1990-2015
Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017
Aug 21, 2017 – no chart
Aug 20, 2017 – Construction productivity vs other industries (The Economist)
Aug 19, 2017 – no chart
Aug 18, 2017 – no chart
Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017
Aug 16, 2017 – no chart
Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996
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Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)
Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)
Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)
Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)
Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)
Aug 8, 2017 – Household credit score versus time (2001-2016)
Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)
Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)
Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)
Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)
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Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)
Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)
July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)
July 28, 2017 – US home prices 1890-present
July 27, 2017 – Median house price for Portland Metro neighborhoods
July 26, 2017 – Average rent for Portland Metro region
July 25, 2017 – Path of total solar eclipse through Oregon
July 24, 2017 – Portland metro area household income by region