Market Statistics Texas Weekly Leading Index Based on data through Oct. 30, 2021 The Texas Weekly Leading Index increased the week ending Oct. 30 after decreasing the previous week (Figures 1 and 2). The index points toward higher economic activity as the economy continues to recover from the pandemic. The Delta variant appears to have reached its extreme point as the numbers of COVID-19 cases and hospitalizations continue to fall after peaking at the end of August. The announcement of a COVID-19 pill that reduces the risk of hospitalization and dying has considerably reduced the uncertainty on halting the pandemic, improving economic expectations. The index’s increase was mainly due to an increase in the number of new business applications and a decrease in the number of people filing for unemployment insurance. The increase in the number of new business applications signals strong future business activity. The outlook for the reopening and recovery of the state’s economy improved as the number of new cases seemed to have peaked and continues to fall (Figure 3). Currently, 63.6 percent of the state’s population 12 years and older is fully vaccinated based on the most current data (Nov. 8, 2021) from the Texas Department of State Health Services. In addition, both an increase in the real price of West Texas Intermediate (WTI) oil and a decrease in the real rate for the ten-year Treasury bill (which continues to exhibit a negative return in real terms) contributed to the increase in the index. Based on both the Texas Weekly Leading Index and U.S. employment numbers from October, which increased by 0.4 percent over September, Texas nonfarm employment could increase 0.4 percent in October. If so, the Texas economy could gain around 51,000 jobs in October, reaching 12.9 million. In a span of 18 months the Texas economy could recoup around 1.4 million of the 1.5 million jobs lost between March and April 2020. The rebound in Texas’ economic activity could be hindered by possible upsurges in COVID-19 cases as economic and social activity increases. Further waves of infections can reverse increased mobility and spending, affecting the path to recovery. Read the full report Housing Reports North Texas Collin County Dallas County Denton County Ellis County Grayson County Hopkins County Hunt County Johnson County Kaufman County Navarro County Parker County Rockwall County Stephens County Tarrant County Van Zandt County Wise County Regio Norte North Texas Download .PDF Stay in the loop. MetroTex provides current and relevant monthly and annual data reports with the support of the Real Estate Center at Texas A&M University. 2021 Reports 2020 Reports 2019 Reports 2018 Reports 2017 Reports 2016 Reports 2015 Reports 2014 Reports 2013 Reports 2021 Reports January Report (PDF) February Report (PDF) March Report (PDF) April Report (PDF) May Report (PDF) June Report (PDF) July Report (PDF) August Report (PDF) September Report (PDF) October Report (PDF) 1681 W Northwest Hwy Grapevine, Texas 76051 (214) 637-6660 Join MetroTex Find a Member Search MetroTex Learn More Join MetroTex Who We Are Who We Serve Professional Development MLS Support Market Statistics News Locations MetroTex Staff MetroTex Careers Contact Us Outside Resources Account Access MLS Login zipForm Online Courses & Events Consumer Portal Who We Serve Agents Brokers Office Managers Industry Partners Allied Organizations Consumers Commercial Global Advocacy Advocacy TREPAC Texas REALTORS® Awards More 2021 Strategic Plan Policy Manual Privacy Policy Social Media Marketing Disclosure Code of Ethics Community Outreach REAL Trends Newsletters Texas REALTORS® NAR NTREIS ©2021 MetroTex Association of REALTORS® SITE BY RFTB | CREATIVE DIGITAL AGENCY