Marcus Hiles – Rooting for Texas Profit- Generating Economy

Based in Dallas, the founder and CEO of Western Rim Property Services Marcus Hiles endorses Texas for having policies that have stimulated a steady job-generating environment that is more outstanding than anywhere else in the United States. In general, the Lone Star State has made a great progress in its post-recession job recovery more than two years ahead of nationwide indicators. By January 2016, it had created more than 1.3 million jobs, in addition to its pre-recession employment records. Since the unemployment rate has always been lower in Texas than in the rest of the United States, constituting 4.4 percent in April versus 5 percent nationwide – consumer confidence has been sturdy. Texas’s May Consumer Confidence Index (CCI), which looks to measure economic optimism by analyzing individual savings and spending habits, was 117.6 in comparison with the overall U.S. CCI rating of 92.6. Texas robust economy that has seen over $5 billion in tax cuts over the past years has also stimulated the housing market. Existing homes have seen an increase in price by 5.9 percent in comparison with previous years, while the number of single-family residences grew by 6 percent.

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