Bill Morris: 2010 Job Growth in Austin

2010 Job Growth in Austin

Opportunity Austin, an economic development arm of the Austin Chamber of Commerce published its 2010 Annual Report today.  Introductory comments include this:

"Austin has topped countless national rankings for job growth, innovation, quality of life and more. In fact, Austin ranked as the 26th best economic recovery worldwide, the highest ranking of all U.S. Cities, according to a global study by the Washington-based Brookings Institution. The ranking is based in part on job and income growth during the current economic recovery."

I have written frequently over the past year or so about many analyses in which Austin ranked at or near the top in terms of economic strength.  This Chamber report includes some details that I have not seen summarized in one place previously:

Companies Growing Employment in Austin
(Click image to enlarge)

These two lists comprise more than 13,000 new jobs created last year.  As I wrote earlier today (see Manufacturing Growth in Texas), most Texas business people are optimistic about the future.  Given Austin's many unique advantages, that optimism is especially well-founded here.

What does this mean for the Austin/Central Texas real estate market?  Continued population growth as I have written previously, and all of those folks will need places to live -- perhaps rentals in the short term, but many will become Austin homeowners in the coming months and years.  The future for the Austin metro area is bright.

Bill F. Morris, ABR, CRS, CDPE, e-PRO, MBA
RE/MAX Capital City
Call or Text:       512-785-3345
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Comment balloon 3 commentsBill Morris • March 09 2011 10:00PM

Comments

WOW!  You area is really growing.  We need some of that growth in our area.

Posted by Kay Van Kampen, RealtorĀ®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX) over 8 years ago

Bill,

I am with you! Austin is a beautiful place. My mother and 2 sisters live there so get to go a lot. Overall Texas has really done well.

Posted by Deborah Bly, RE/MAX Realtor (RE/MAX Space Center) over 8 years ago

Thank you for your comments.  I do love living in Austin, and we have been fortunate over the past few years.

Posted by Bill Morris, ABR, CRS, CDPE, ePRO, MBA (RE/MAX Capital City) over 8 years ago

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