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Datapoints - September, 2013
Datapoints - September, 2013
www.capcog.org
Previous Month MoM YoY
VITAL SIGNS
The unemployment rate dropped modestly in July, but was very strong on a year-over-year basis Both Single-family and Multi-family building permits rose sharply in July, adding a total of 1,493 new units to the metropolitan area The number of patents awarded in the month of August continued a downward trend, falling by over 10% from the same point last year The regions corporate sector among publicly traded companies continues to show fairly tepid growth as measured by indexed market cap
Bldg. Permits Single-Family Bldg. Permits Multifamily Sales Tax Receipts Patents Awarded
(July) (August)
(July)
-13.6% -10.2%
(Sep. 1)
(Sep. 1)
411.32
197.24
425.85
199.89
-3.41% 13.65%
-1.38% -0.85%
Dive deeper into the data at DataPoints.org for sources, notes and other information.
Average Annual Residential Units Permitted (20102012) per 1,000 2010 Households
So, where in the capital area is the growth taking place? Unsurprisingly, new residential construction is taking place in and around existing population centers, with Travis County taking the bulk of the new units at 12,482 (nearly 63% of all new units permitted) and Williamson and Hays County following at 3,700 and 3,327 respectively. Residential growth is continuing to locate near the I-35 corridor which may lead many to conclude that the region is going to continue to look much as it has in recent memory. And while there is a certain amount of truth to that statement, a closer look at the data shows how residential construction is affecting different areas in different ways. When comparing the number of new units
Source: CAPCOG Economic Development Program
DATA POINTS
www.datapoints.org SEPTEMBER 2013 www.capcog.org
One of the fastest growing counties in the nation, Hays County is discovering new opportunities that had not previously been available to it and is leveraging community assets that will enable it to support a stronger and more diversified economy. Perhaps the countys most important asset, Texas State University, is now home to a research and commercialization center and incubator that was made possible in part by a grant by the U.S. Economic Development Administration. The Science, Technology and Advanced Research (STAR) Park is a full 38 acres and home to facilities dedicated to supporting the development and commercialization of new technologies. Through an incubator program that brings academic talent and research together with private entrepreneurs, Texas State University and communities in Hays County are placing a heavy emphasis on the support of innovation and new business creation as a cornerstone of economic development efforts. For more, visit www.txstate.edu/ocir/STAR-Park.