Housing Market Experiencing a Mini-Boomlet

As the economy continues digging out of its first-quarter doldrums, one of the driving factors for sustained growth throughout the rest of the year is the real estate market. Following a first quarter that saw the economy contract 0.2 percent, many analysts are predicting a 2.5 percent expansion during the second quarter, with a strong 3.0 percent showing in the final two quarters of 2015, MarketWatch reported.

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With The U.S. Housing Market Reaching New Heights, Texas Leads The Pack

The U.S. housing market has been on a roll lately as it continues to bolster the overall economy during the slow but steady recovery.

Metrostudy, a residential real estate research company, recently released its second quarter 2015 Home Building Outlook, which found 1.07 million new houses are expected to break ground this year. Single-family housing starts should account for 691,000 of this total, while multi-family home starts will rise to 379,000.

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Texas Housing Market and Jobs Sector are Some of the Healthiest in the Nation

Despite the mixed economic news being reported every day, the housing market remains one of the primary drivers of the slow-yet-steady economic recovery. Not only is residential real estate growing stronger every day on a national level, but Texas real estate, in particular, is perhaps the healthiest one in the country. On top of the continued strength in home sales and new home starts, the Texas jobs sector keeps putting up solid numbers as well. Combined, these two areas are making Texas a homebuilders' dream.

The health of the Texas housing market
WalletHub analyzed metro areas based on 10 key metrics, from the percentage of households receiving government help for their mortgages to the interest rate on first-time mortgage recipients. According to the survey, San Antonio, Austin and Houston all landed in the top ten for housing markets, with the three Texas metro areas taking home the third, sixth and 10th healthiest areas, respectively. Collectively, these three markets are boosting sales across the state and the south.

San Antonio boasts the third-healthiest housing market in the country.

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What the Fed's Stress Test Means for the Housing Market

In the wake of the financial crisis that rocked the economy, Congress passed the Dodd-Frank financial reform bill. This law requires the U.S. Federal Reserve to subject the nation's largest banks to a series of tests designed to calculate their liquidity and solvency in times of economic uncertainty. According to its website, the Fed did not object to the any of the 28 banks' capital plans presented during stress testing. However, Bank of America is required to submit a new capital plan to address certain weaknesses. In its findings, the Fed discovered U.S. firms have more than doubled their capital reserves since 2009, with the common equity capital ratio growing from 5.5 percent to 12.5 percent in the fourth quarter of 2014. Overall, this represents an increase from $641 billion to $1.1 trillion in capital holdings.

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