Robust CCI growth driven by tax cuts according to Marcus Hiles

Robust CCI growth driven by tax cuts according to Marcus Hiles

Marcus Hiles, Chairman and CEO of Western Rim Property Services, has been watching the Texas economy grow over the past three years. According to him, the robust growth in consumer confidence and the real estate market is driven by $5 billion in tax cuts during that period, allowing employers to add 1.3 million additional jobs than the state had during pre-recession highs. The CCI index in Texas was at 117.6 in May, a solid 15 points over the national average, and unemployment was down to 4.4 percent in April. Texans are driving their economy forward, growing year-over-year home values up 5.9 percent and adding new homes at an impressive rate – there has been a 6 percent increase in single-family building permits.

Read more here: http://finance.yahoo.com/news/marcus-hiles-encourages-everyone-texas-093000539.html

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