Fed: Dallas grew faster than the rest of the nation (Houston: sales, 2013)

[Lakewooder]

Fed Beige Book: The Dallas district sees accelerated growth | Biz Beat Blog

"...In the Dallas district, growing demand for housing and legal and accounting services, higher retail and auto sales and stronger chemical production drove the Dallas district’s economy. Employment held steady or increased"

[Dallaz]

They mean DFW right?

[Johnhw2]

Originally Posted by Dallaz

They mean DFW right?

They mean the Dallas Fed Reserve bank district, one of 12 in the USA. It includes all of Texas and other states as well. DFW would be the largest metro in this district but Houston is seeing great job growth and housing demand as well as other parts of Texas so it represents more how Tx is doing than just Dallas or DFW.

[Made_it_To_the_Metroplex]

SURPRISE!! lol. Seriously-whatever geographic area it covers, it's obvious but good news all the same!

[Trae713]

Originally Posted by Lakewooder

Fed Beige Book: The Dallas district sees accelerated growth | Biz Beat Blog

"...In the Dallas district, growing demand for housing and legal and accounting services, higher retail and auto sales and stronger chemical production drove the Dallas district’s economy. Employment held steady or increased"

Houston carrying the district for housing demand and retail growth.

[Lakewooder]

Our Dallas leaders worked hard to land the Federal Reserve Bank in 1914, beating out New Orleans and Houston - that boosterism is also what landed us the Centennial and Fair Park, among other things...it still exists in building grand projects though there are a lot of naysayers.

Federal Reserve Bank of Dallas - Wikipedia, the free encyclopedia

[binkyman]

Originally Posted by Trae713

Houston carrying the district for housing demand and retail growth.

Consider the similar sizes of Austin and Oklahoma city with how both are state capitals and both jockey back and forth for having the best economy in the nation. Then there is the economy of Houston, as you say, and the economies of Little Rock and Shreveport which I've posted below:

Shreveport, La.: America's Best Places to Find a Job - US News & World Report

News & Events | Metro Little Rock Alliance

Indeed, the one thing all these metropolitan areas have in common is the symbiotic relationship they all have with Dallas - Fort Worth in the middle. Where did Southwest airlines originate? It happened because of the huge numbers of employees who traveled back and forth between Dallas and Houston during the seventies. Are Dallas and Houston still symbiotic today? More than ever.

This is why the Dallas - Fort Worth area is said to have a market size twice that of Houston.

But don't see this in a negative light. What must similar sized cities like Toronto and Atlanta think about Texas and the way it has two metropolitan areas separated by 230 miles with both threatening to surpass the city and metropolitan area of Chicago in size? And then there will be the nearby area comprising San Antonio and Austin which together will have over five million people in the very near future. All told, there will be five cities with a population over a million in Texas with El Paso also threatening the million person milestone as well someday.

[BeenThereDunThat]

As a Shreveport native who has seen pil boom & bust / boom & slide... don't take the US News & World Report as gospel. Jobs...yes, but low-paying mostly. Sure we had a spike in film biz thanks to Katrina but most of the Hollywood South is in NOLA due to better infrastructure, larger metro amenities (think hotels, restaurants, etc.) and better flights from MSY to LA.
Shreveport's air service flat sucks as the airlines gouge on business-class fares and was a big complaint by movie producers and the like. Airfares out of SHV are among the highest in the nation for a city this size. The airport authority had a consultant do some research and they discovered that about 30 to 35% of would-be SHV airtravelers drive to Alexandria, Texarkana, Longview, Monroe or Dallas to catch flights and save anywhere from 50 to 60% on airfare. Sure we'll get a couple movies here and there but the bigger activity is in NOLA & BR. We just don't have the infrastructure to support too many productions despite what all the city and chamber cheerleaders say. A lot of the filmmakers are looking at NOLA first, BR 2nd... and Shreveport 3rd.

Haynesville Shale--- yep when a barrel of oil was around $138 in '08 Nat Gas spiked at around $13 mcf....well since then Nat Gas is flat at or under $4 mcf and that's not going to pay for a well production. All the rigs moved on to Eagleford Shale to go after wet shale & oil. Haynesville shale is dry gas and the commodity index shows it's not expected to rise to $5 mcf anytime soon. Sure we have a lot of wells drilled but they are choked back due to current prices. Look at Econ Employment reports and you'll be surprised to learn just how few O&G jobs are currently listed in NW La. as many of those folks have headed either to Eagleford or up to the Dakotas. They follow the work.

The truth is median income in the Shreveport-Bossier isn't great. It's ok but don't expect to find high starting salaries. We're losing our college grads to Dallas, Houston, Little Rock and beyond because they want more than $25K to $30K to start out. There's some bright spots but not to the extent ...that US News / World Report is about 3 yrs behind the reality.

Healthcare is getting shuffled here thanks to a GOP Governor who's dismantling the state-run hospitals and privatizing at the expense of the medical school accreditation and low-income folks who depend on the healthcare. We had a fine state-run hospital in Shreveport that actually made money for the state for several years and all that's being disheveled for political expediency and to make the Boy-Gov look good to national conservative political party. And a for-profit foundation is going to swallow it up thanks to special interest deals and questionable alliances much to the detriment of the community.

Sorry folks.... Dallas is where our young "best & brightest" are headed...Shreveport-Bossier's #1 export is educated young people.

[Marv101]

Huntsville, AL isn't that much larger than Shreveport according to the 2010 Census, but it recently replaced Cincinnati as the most expensive airport in the USA, so consequently you're not going to get a moderate airfare ot of Shreveport as opposed to the $260-$280 airfares available from DAL or DFW to LAX.

[Johnhw2]

Originally Posted by binkyman

Consider the similar sizes of Austin and Oklahoma city with how both are state capitals and both jockey back and forth for having the best economy in the nation. Then there is the economy of Houston, as you say, and the economies of Little Rock and Shreveport which I've posted below:

Shreveport, La.: America's Best Places to Find a Job - US News & World Report

News & Events | Metro Little Rock Alliance

Indeed, the one thing all these metropolitan areas have in common is the symbiotic relationship they all have with Dallas - Fort Worth in the middle. Where did Southwest airlines originate? It happened because of the huge numbers of employees who traveled back and forth between Dallas and Houston during the seventies. Are Dallas and Houston still symbiotic today? More than ever.

This is why the Dallas - Fort Worth area is said to have a market size twice that of Houston.

But don't see this in a negative light. What must similar sized cities like Toronto and Atlanta think about Texas and the way it has two metropolitan areas separated by 230 miles with both threatening to surpass the city and metropolitan area of Chicago in size? And then there will be the nearby area comprising San Antonio and Austin which together will have over five million people in the very near future. All told, there will be five cities with a population over a million in Texas with El Paso also threatening the million person milestone as well someday.

I've read this a couple of times trying to figure out what you are claiming. If its Houston's economy is good because of Dallas then I do not agree. If its a lot of people fly back and forth between Dallas and Fort Worth I do agree. I've lived both places and find DFW residents mention Houston in one light or another much more often than Dallas is mentioned in Houston conversations. Both cities have good economies right now but I would give Houston's a slight nod in terms of strength in good paying jobs as well as in housing. Both Dallas and Houston are growing faster than the rest of the nation as the title of this thread mentions. Beyond that I do not see your point at all.

If you are saying Dallas is growing because Houston is and vice versa, I believe that is true to a degree but not the big driver in either cities growth.