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Category : Texas (8)

Texas Economy Keeps Driving Ahead of the Nation

CRS-TXTexas continues to outpace the rest of the nation in its economic recovery. While the recovery has progressed slowly in many other areas, a slew of recent news attests to the strength of the economy in the Lone Star State compared to other states in the U.S.

The top two and three of the top five in Forbes’s best cities to invest in housing in 2014 are in Texas. Fort Worth and Dallas are ranked numbers 1 and 2, with Houston rated number 5 in this particular list. Affordable home prices and population growth fueled by strong job growth are the driving forces behind the top rankings of these two neighboring cities.

Fort Worth-Arlington, Tex., and Dallas-Plano-Irving, Tex., top the list of our Best Buy Cities, at No. 1 and No. 2, respectively. Both cities offer homes that would be within reach for middle-class Americans, at $168,383 in Fort Worth-Arlington and $180,645 in greater Dallas. Prices in greater Fort Worth are considered 20% below their actual value, according to Local Market Monitor. Homes in the greater Dallas region are 12% down, so less off, but they are expected to rise more–29%–over the next three years.

For buyers who intend to rent out their homes, the populations in these cities are growing at a healthy clip: from 2009 to 2012, at 4.9% in Fort Worth and 6.1% in Dallas. At that rate, Dallas is tied for the fastest-growing city on the Best Buy Cities list. It’s ranked fifth in terms of job growth, at 3% as of the latest Bureau of Labor Statistics stats.

The strong job growth is evidenced by WalletHub’s ranking of the best places to land work in 2014. Five Texas cities are in the top ten of this list. Fort Worth is ranked #1. Three Lone Star cities hold the 4-6 spots (Arlington, Dallas and Austin) and Houston comes in at number 10.

WalletHub describes the reasons for Fort Worth’s high ranking,

The leader of the Long Star State’s impressive pack of bountiful job markets, Fort Worth boasts the nation’s 5th fastest-falling unemployment rate, the 4th largest proportion of full-time employees, and the 2nd most affordable housing. Such dynamics, combined with the lack of either a state or local income tax for which Texas is renowned, are enough to make up for middle-of-the pack rankings when it comes to industry variety, health care coverage and the percentage of the workforce living below the poverty line.

HousingWire helps to explain the success of Texas with the 4 secrets why Texas leads in new home sales.

The Texas A&M University Real Estate Center posits four reasons the Texas housing market and economy as a whole is running so much hotter than the rest of the nation.

1. Job Growth

Texas has continually outperformed the national average for job growth. Often Texas is double the national average. That job growth is likely to continue through 2014. Texas has added over 459,000 jobs since January 2012.

2. Mortgage rates still cheap

Yes, mortgage rates are increasing and will likely continue by all accounts to climb in 2014, but they are still ridiculously cheap. Point is, with jobs marginally higher, and mortgage interest rates lower than historical levels, interest rates do not provide a dampener to home purchases.

3. Affordability is not a Texas challenge

A look at the price index for Texas real estate in key markets shows that prices are not nearly as much of a challenge in terms of affordability than can be seen elsewhere.

4. Limited inventory = greater demand

The whole state of Texas has just four months of inventory. Because of the limited inventory, prices are expected to continue to increase smartly. Home builders will not be able to build homes fast enough to meet the demand.

All of these are reasons that Cooper Roofing & Solar is very optimistic about Texas. The economy is strong and continues to attract talented people and innovative companies.

Existing Home Sales up 21 Percent in September in North Texas

photo 2The housing market for both new and existing homes in North Texas continues to be strong.

Existing home sales in North Texas rose 21 percent in September as sales for 2013 continue to far outpace last year’s performance, according to a new report.

For the first nine months, 69,256 homes were sold in North Texas, which is 11,852 more than during the first nine months of 2012, a 20 percent increase, according to data from the Real Estate Center at Texas A&M University.

Meanwhile, in Las Vegas

After a nearly two-year hot streak, Las Vegas home prices have started to cool off.

But only a little.

After rising nearly 30% during the year before, home prices in Las Vegas fell by 1.1% from August to September.

Texas Continues to Add Jobs

Texas Logo RedThe unemployment rate in Texas remained steady at 6.5% in July, even though the state added nearly 20,000 new jobs in the month. Almost 300,000 new jobs have been added in the state since July 2012, according to the Texas Workforce Commission.

Over 100,000 new jobs were added in the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA) in the past year. The unemployment rate in that MSA has fallen almost a full point, from 7.2% down to 6.4% during that time.

Texas’s economy continues to outpace that of the nation overall. The unemployment rate in the Lone Star State is a full percentage point less than the U.S. rate and the private sector has added jobs faster than the U.S. rate.

“The private sector continues to lead the way for our state’s economy, adding more than 278,000 jobs over the last year,” said TWC Commissioner Representing Employers Hope Andrade. “Our 3.1 percent annual growth rate compares favorably to 2.1 percent for the private sector nationally.”

July was the 39th straight month of positive growth in employment in Texas.

Texas Hail Wreaks Havoc on Roofs But We Have the Solution

HailSummer brings sun and fun but it can also bring weather that puts the power of Mother Nature on full display.

Here in Texas we are frequently victimized by powerful storms bringing heavy winds and rain – and hail.

Hail can cause severe damage to cars, houses and especially roofs.

But at Cooper Roofing & Solar of Texas we have a solution that could put an end to worries about hail ravaging your roof!

We can install Boral Roofing’s Class 4 Hail Resistant Roof Tile. These tiles are designed to withstand the impact of a 2″ ice ball traveling 70 mph and offer the best protection against the destructive power of hail in the industry – protection and peace of mind.

Installing Class 4 Hail Resistant Roof Tile on your roof could qualify you for reduced rates on your homeowners insurance, too!

Want to be able to sleep easily through the rat-a-tat-tat of hail on your roof? Have the skilled craftsmen at Cooper Roofing & Solar of Texas install Class 4 Hail Resistant Roof Tile!

Mission Reroof: Status Update

Mission Reroof is moving along and close to completion! The old roof has been removed, the underlayment installed, and the Boral Roofing tiles have been loaded and are ready to be installed.

Mission Reroof: Underway

Mission Reroof, the project from Boral Roofing and Cooper Roofing & Solar, has begun! The old shingle roof removed, the underlayment was installed.

Mission Reroof

To honor our nation’s heroes, Boral Roofing and Cooper Roofing & Solar launched Mission Reroof, a contest for veterans or active military personnel living in Texas who needed to replace their old asphalt shingle roof. They were invited to enter for the chance to win a new concrete tile roof installed by Cooper Roofing & Solar, because America’s best deserve the best roof over their heads.

The winning entry came from Gabriel and Susan Camerena. Susan submitted the entry on behalf of Gabriel, who is a disabled veteran.

Mr. & Mrs. Camarena’s roof before:

Mission Reroof Before

Texas

Texas Logo RedIn a very short time, Cooper Roofing & Solar of Texas, LLC has become one of the leading roofing contractors in the Lone Star State. With our commitment to quality and customer service, it’s not hard to see why.

It was that same commitment that started over thirty years ago and continues to this day.

At Cooper Roofing & Solar, we’re about more than putting on roofs and installing solar systems. We’re about building long-lasting mutually-beneficial relationships with suppliers and clients – the kind that endure regardless of business conditions.

So if you want a contractor who is as dedicated to your success as you are – contact Cooper Roofing & Solar of Texas for your next project.

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