Job growth in Texas has outpaced that of the U.S. as a whole, says Western Rim Property Services Chairman and CEO Marcus Hiles. As of January 2016, the state had added more than 1.3 million jobs to its pre-recession employment peak, a result of Texas achieving post-recession growth more than two years ahead of the national average. The unemployment rate in Texas is also lower – 4.4 percent compared to 5 in April than the national average, resulting in job growth that is two years ahead of the national average. This has resulted in a robust Consumer Confidence Index (CCI), which sits at 117.6 in Texas and 92.6 nationwide. $5 billion in tax cuts over the past three years have stimulated the Texas economy and driven a massive influx into the housing market. Single-family building permits are up 6 percent with the year-over-year price of existing homes increasing by 5.9 percent.
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