According to the U.S. Bureau of Economic Analysis, San Antonio was one of only three out of the 52 large metropolitan areas nationwide in which total personal income and net earnings increased in 2009 – thanks in large part to gains in federal goverment compensation – both military and civilian. Personal income in San Antonio increased by 0.8% last year putting it at $71.5 billion and net workers’ earnings grew by 0.7% to $48.7 billion. …Read Entire Post
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 Former Lone Star Brewery On the heels of the foreclosure notice which recently landed the Lone Star Brewery project on the auction list, the partnership behind the project, known as Brewery Loft Partners LP, filed for Chapter 11 bankruptcy protection temporarily sheltering it from creditors. …Read Entire Post An excerpt of the recent Forbes.com report reads: Good Fortune In The Lone Star State According to a report by McGraw-Hill Construction, Texas will see a projected 16% increase in the value of construction starts in 2010 to reach an estimated $52.5 billion supported by an expanding housing market and public works and utilities projects funded by Federal stimulus dollars. San Antonio benefited from military-related construction in 2009 and is expected to see a 6% increase. Read Construction activity in San Antonio expect to rise 6 percent (SABJ, 2-11-10) A survey conducted by Virtual Builders Exchange LLC also showed hopeful signs for the construction industry based on a slight increase in the number of projects put out for bid in January and February of 2010 compared to the same period last year. Optimism, however, is somewhat muted by the limited number of projects in the planning stages. Read Hopeful signs on horizon for construction industry, survey shows (SABJ, 2-19-10)
The San Antonio metro area economy is expected to expand over the next five years, according to M. Ray Perryman of The Perryman Group. In his 26th Annual Perryman Economic Outlook Conference, the Waco economist predicted that the real gross product for the San Antonio MSA will expand to $80.55 billion by 2014 which represents a compound annual growth rate of 4.42%. For more specifics, read the San Antonio Business Journal release, San Antonio’s economic forecast expected to be positive, Perryman reports and KSAT12 News report Business leaders get 2010 forecast.
 Hotel Indigo Riverwalk Hotel Indigo Riverwalk recently opened at 830 N. St. Mary’s St. Despite the economic downturn that started late last year, new hotels are still being constructed and renovated. That’s because San Antonio’s hospitality/tourism industry continues to demonstrate a solid performance. San Antonio was again listed among the top 20 strongest performing metros in the nation by the Brookings Institution. Brookings’ MetroMonitor report tracks employment, unemployment, output, housing prices and foreclosure rates for the nation’s 100 largest metropolitan areas. Click here to view the December 2009 MetroMonitor report. Read Study: S.A. economy among best, San Antonio Express-News (12-15-09). |
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What does the price of a gallon of gas have to do with real estate? Retailers can answer. Here’s a fun fact – every penny increase in a gallon of gasoline costs consumers $1 billion over a one-year period, according to economist 
According to 
