Dallas-Fort Worth continues to boom
HOUSING REMAINS STRONG, RELATIVELY SPEAKING, AND SO DOES HEALTHCARE
By John Mugford
While much of the country wades through an economic slump and housing downturn, the Dallas-Fort Worth area, also known as the Metroplex, continues to defy the odds.
Sure, housing construction has suffered in the last year or so – housing starts were down 28 percent for the year ending in Oct. 31, 2007, according to Reed Construction. However, with growth continuing at astounding rates in the far-flung suburbs – especially in the north and eastern metro – housing starts are expected to pick up soon, if they haven’t already.
Also, employment in the Metroplex grew by a solid 2.2 percent in year-over-year statistics ending with October 2007, according to the U.S. Dept. of Labor. That job growth ranked Dallas-Fort Worth (DFW) fourth best among the countries 25 largest markets.
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