At a time when the national housing market is slowly emerging from a tough stretch, Texas is blasting out of recession, according to new data from the Federal Reserve Bank of Dallas.
Additionally, the Federal Housing Finance Agency said that Texas’ housing price index rose 0.3% from the first to second quarter of 2011. Prices are down 2% from a year earlier.
Employment statistics were also positive for the Lone Star State, which created 25,900 jobs in July after adding 33,000 in June. Though the unemployment rate did rise 0.2 percent, the job growth totals were a stark contrast to national data, which showed zero net job growth for July.