Economic Impact Study Says Tyler’s New Housing Market Stays Steady
“These results show that home building is more than paying its own way and should put to rest the notion that existing home owners are subsidizing new home construction here in the Tyler area,” said Elliot Eisenberg, the senior economist for the National Association of Home Builders.
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By DANNY MOGLEAssistant Managing Editor
The home construction industry is a major contributor to the local economy and pumps money into it long after a house is built.
That was one of the findings of an economic impact study presented Wednesday by Elliot Eisenberg, the senior economist for the National Association of Home Builders. He discussed the findings during a news conference and a luncheon at Rose Garden Center recognizing government officials.
He told news media that despite major problems in home-lending markets and a downturn in new home sales and prices in some places, the Tyler new housing market remains steady.
"If (what is happening in) Eastern Texas was (representative of) the housing market nationally, there would not be a problem," Eisenberg said.
Areas in which loose lending practices were common and new housing prices had spiked are now "suffering," he said.
"You've got it about right," he said of the balance of factors that affect the local home construction industry.
Eisenberg said he used a model developed by the NAHB to gauge the economic impact during the construction phase and ongoing occupancy phase as well as a ripple effect caused as money spent by those within the industry circulates through the community.
The results are based on figures from 2007 showing that 883 new homes were built in the Smith County at an average price of $208,408.
Over the next 25 years, those 883 homes, through the jobs they create or help support and the taxes and economic spending produced by those who occupy them, will generate $127.7 million in revenue compared to $117.5 million in costs associated with the building of the homes and government services required to support the residents, according to the report.
"These results show that home building is more than paying its own way and should put to rest the notion that existing home owners are subsidizing new home construction here in the Tyler area," Eisenberg, said in a prepared written statement.
"This is an excellent result and tells me that local residents should be thanking the building industry for footing the bill for a lot of city services," his written statement said.
The report found that in regard to the 883 homes built in 2007:
During the first-year construction phase they generated 1,525 jobs (1,082 jobs in construction alone), $3.2 million in taxes and $74.8 million of local income.
They set into motion a ripple effect -- wages and profits local residents earned during the construction period that were then spent on other local goods and services -- that resulted in 689 jobs, $2.7 million in taxes and $32.5 million in income, also in the first year.
They will have a calculated ongoing annual effect -- which includes local jobs, income and taxes generated as a result of the home being occupied -- of creating 547 jobs, $5 million in local taxes and $24 million in local income per year.
The luncheon was presented by Tyler Economic Development Council, Tyler Area Builders Association, Fair Management and Genecov Group and sponsored by numerous area builders and affiliated businesses.
Copies of the study are available by contacting the Tyler Area Builders Association at 903-561-3964.
Thursday, October 30, 2008
Thursday, February 21, 2008
City of Tyler Debt Free
Article published Feb 21, 2008Tyler Set To Be Free Of DebtBy CINDY MALLETTEStaff
WriterAt 2 p.m. Thursday, the city of Tyler will be debt free.
City leaders will gather at Tyler Pounds Regional Airport to symbolically sign the last check for general obligation debt payment. The ceremony begins at 2 p.m. near the ticket counters.Since 1995, the city has been able to fund major municipal projects through a half-cent sales tax voters approved in the spring of that year. The sales tax money has allowed the city to pay for projects with cash, so the city didn't have to issue bonds and go into debt."That's unheard of in Texas," said Mayor Joey Seeber. "We've been able to pay for multi-million dollar projects with cash."Some of those major capital improvement projects included the Glass Recreation Center, Tyler Pounds Regional Airport and Faulkner Park. The tax also paid for more than 40 street and traffic projects totaling $39.8 million.Each year, the tax generates about $11 million. That money pays for capital improvements in public safety, parks, streets/traffic, drain-age, airport and general projects. A half-cent sales tax board meets once a month to review, prioritize and fund projects within those categories.The original goals of the half-cent sales tax were to lower property taxes by 15 percent and pay off the city's general obligation debt."Thirteen years ago, when we had the election, a lot of people didn't believe that a local government could reduce property taxes," Seeber said. "We've proven we can fulfill the promises we made."Since 1995, property taxes in Tyler have dropped 60 percent, falling from 52 cents per $100 valuation to just 20 cents, saving $134 million in property taxes in 13 years. Susan Guthrie, city of Tyler spokeswoman, said Tyler has the lowest tax rate of Texas communities similar in size. Cities such as Abilene, Denton and Beaumont - all with populations around 100,000 - have tax rates exceeding 62 cents."Our citizens have over $100 million in their pockets that they would not have had if we hadn't implemented the half-cent sales tax," Seeber said.On Thursday, the mayor, City Council and State Sen. Kevin Eltife - who was Tyler's mayor when voters originally passed the half-cent sales tax - will fulfill the second part of the original goal by paying off the last of the city's general obligation debt."I am very proud to be participating in this moment in Tyler's history," Seeber said. "It's really exciting for the city and for the residents."
WriterAt 2 p.m. Thursday, the city of Tyler will be debt free.
City leaders will gather at Tyler Pounds Regional Airport to symbolically sign the last check for general obligation debt payment. The ceremony begins at 2 p.m. near the ticket counters.Since 1995, the city has been able to fund major municipal projects through a half-cent sales tax voters approved in the spring of that year. The sales tax money has allowed the city to pay for projects with cash, so the city didn't have to issue bonds and go into debt."That's unheard of in Texas," said Mayor Joey Seeber. "We've been able to pay for multi-million dollar projects with cash."Some of those major capital improvement projects included the Glass Recreation Center, Tyler Pounds Regional Airport and Faulkner Park. The tax also paid for more than 40 street and traffic projects totaling $39.8 million.Each year, the tax generates about $11 million. That money pays for capital improvements in public safety, parks, streets/traffic, drain-age, airport and general projects. A half-cent sales tax board meets once a month to review, prioritize and fund projects within those categories.The original goals of the half-cent sales tax were to lower property taxes by 15 percent and pay off the city's general obligation debt."Thirteen years ago, when we had the election, a lot of people didn't believe that a local government could reduce property taxes," Seeber said. "We've proven we can fulfill the promises we made."Since 1995, property taxes in Tyler have dropped 60 percent, falling from 52 cents per $100 valuation to just 20 cents, saving $134 million in property taxes in 13 years. Susan Guthrie, city of Tyler spokeswoman, said Tyler has the lowest tax rate of Texas communities similar in size. Cities such as Abilene, Denton and Beaumont - all with populations around 100,000 - have tax rates exceeding 62 cents."Our citizens have over $100 million in their pockets that they would not have had if we hadn't implemented the half-cent sales tax," Seeber said.On Thursday, the mayor, City Council and State Sen. Kevin Eltife - who was Tyler's mayor when voters originally passed the half-cent sales tax - will fulfill the second part of the original goal by paying off the last of the city's general obligation debt."I am very proud to be participating in this moment in Tyler's history," Seeber said. "It's really exciting for the city and for the residents."
Tuesday, December 18, 2007
Merry Christmas!
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Saturday, August 18, 2007
High Employment Rate
Tyler Posted 95.4 Percent Employment Rate
Tyler posted a 95.4 percent employment rate for July, an increase of four-tenths of a percentage point over the July 2006 rate.The state's rate slipped three-tenths of a percentage point last month, according to a Texas Workforce Commission report on Friday.The Tyler area saw a net 700-job decrease as local school districts reduced their staffs for the summer, the TWC said. Professional and business services experienced a 100-job gain, and all remaining categories saw no change.The Tyler area has gained 200 jobs since January and 1,000 jobs since July 2006, the report said.Longview also saw an employment rate increase from 94.5 percent a year ago, to 95.3 percent in July. The area saw a net job loss of 400.Government decreased by 400 jobs, and manufacturing de-creased by 100 jobs, the report said. Trade, transportation and utilities gained 100 jobs.Longview has added 1,000 new jobs since January and 1,900 jobs since July 2006.Seasonally adjusted nonagricultural employment in Texas grew by 29,400 jobs in July, the third largest gain this year. The state's employment rate dipped from 95.9 percent in June to 95.6 percent, but was up significantly from 95.1 percent a year ago and higher than the national rate of 95.4 percent.The state's annual job growth rate is a strong 2.6 percent with Texas employers adding 265,900 jobs over the past 12 months."Texas employers continue to create jobs at an exceptional pace, reflecting the underlying strength of our state's economy," said TWC Chairwoman Diane Rath. "By outpacing the national job growth rate, Texas offers job seekers tremendous opportunities."Midland experienced the highest employment rate in the state, at 96.8 percent. McAllen-Edinburg-Mission saw the lowest, at 92.8 percent.
Tyler posted a 95.4 percent employment rate for July, an increase of four-tenths of a percentage point over the July 2006 rate.The state's rate slipped three-tenths of a percentage point last month, according to a Texas Workforce Commission report on Friday.The Tyler area saw a net 700-job decrease as local school districts reduced their staffs for the summer, the TWC said. Professional and business services experienced a 100-job gain, and all remaining categories saw no change.The Tyler area has gained 200 jobs since January and 1,000 jobs since July 2006, the report said.Longview also saw an employment rate increase from 94.5 percent a year ago, to 95.3 percent in July. The area saw a net job loss of 400.Government decreased by 400 jobs, and manufacturing de-creased by 100 jobs, the report said. Trade, transportation and utilities gained 100 jobs.Longview has added 1,000 new jobs since January and 1,900 jobs since July 2006.Seasonally adjusted nonagricultural employment in Texas grew by 29,400 jobs in July, the third largest gain this year. The state's employment rate dipped from 95.9 percent in June to 95.6 percent, but was up significantly from 95.1 percent a year ago and higher than the national rate of 95.4 percent.The state's annual job growth rate is a strong 2.6 percent with Texas employers adding 265,900 jobs over the past 12 months."Texas employers continue to create jobs at an exceptional pace, reflecting the underlying strength of our state's economy," said TWC Chairwoman Diane Rath. "By outpacing the national job growth rate, Texas offers job seekers tremendous opportunities."Midland experienced the highest employment rate in the state, at 96.8 percent. McAllen-Edinburg-Mission saw the lowest, at 92.8 percent.
Thursday, August 9, 2007
Tyler News
This year property taxes will drop 2.5 cents from 22.37 cents per $100 valuation to 19.9 cents per $100 valuation, resulting in a 7.6 percent drop in the average tax bill. And, despite valuation increases, the city will still be collecting less in property taxes than it did 15 years ago.This year's taxable values grew $600 million from last year's $5.57 billion to $6.17 billion. The jump represents a 10.8 percent increase over last year's budget.But even with appraisals up, many property owners could receive a lower tax bill because of the elimination of the general bond debt.Sales tax revenues are expected to grow by about 5 percent during the coming fiscal year, city officials say, going from $23,008,800 to $24,159,240.The budget also suggests a bill increase of about 13 cents per month for regular trash pick-up services.MAJOR EXPENDITURESThis year's budget provides for a 4 percent pay increase for city employees, and funding increases for traffic and road management, public safety and the city's parks department.$32.37 million was set aside for public safety and will pay for the addition of 12 new firefighters, a new fire truck, two additional bicycle/traffic officers and a number of other improvements.The city parks department will receive $3.6 million, which will fund several major projects such as the renovation of park restrooms and water fountains. The city also plans to plant 150 new trees over the next year, and has created the new position of city arborist to maintain both new and pre-existing trees throughout the city.Traffic operations and road projects will receive a boost in funding from the $2.46 million set aside for their budget.The city expects to launch a major overlay project and expand a new traffic management system to help alleviate traffic congestion, during the course of the coming year.Regular City Council meetings are held on the second and forth Wednesday of every month at 9 a.m. at City Hall.Other items approved during Wednesday's regular City Council meeting include:
Resolution approving the issuance of Tyler Health Facilities Development Corporation Revenue Bonds to finance and refinance certain projects for East Texas Medical Center Regional Healthcare System.
Payment to Boren Scott Title Company in the amount of $265,393 for acquisition of right-of-way for Phase Two of the Grande Boulevard extension project.
Contract for the 2007 asphalt overlay project to the low bidder Simon Traylor and Sons, Incorporated for $279,936.
Award quote for the 2006 Community Development Block Grant sidewalk project in the amount of $12,770 to Johnson Construction.
Resolution approving the issuance of Tyler Health Facilities Development Corporation Revenue Bonds to finance and refinance certain projects for East Texas Medical Center Regional Healthcare System.
Payment to Boren Scott Title Company in the amount of $265,393 for acquisition of right-of-way for Phase Two of the Grande Boulevard extension project.
Contract for the 2007 asphalt overlay project to the low bidder Simon Traylor and Sons, Incorporated for $279,936.
Award quote for the 2006 Community Development Block Grant sidewalk project in the amount of $12,770 to Johnson Construction.
Thursday, June 28, 2007
Tyler Population Up 12.5% in 6 Years
By TOM MITSOFF
Web Editor
The City of Tyler's population was 94,146 on July 1, 2006, according to estimates released by the U.S. Census Bureau today.That is up from the 83,650 in the official 2000 U.S. Census. Population in the city has grown each year since 2000, according to the bureau's estimates, including by 2,177 between 2005 and 2006, or 2.3 percent.Among East Texas cities, Lindale had the highest percentage of growth from 2005 to 2006, up 6.9 percent (4,010 to 4,290), and Bullard 6.1 percent (1,560 to 1,656). Mabank was up 3.4 percent, and Whitehouse was up 2.9 percent (7,116 to 7,327). Other growth rates in East Texas from 2005 to 2006 include Quitman, Mount Pleasant, Alba, Yantis and Chandler, 2.5 percent each; Mineola and Canton, 2.0 each; Gun Barrel City, 1.8; Hawkins, 1.7; Noonday, 1.6; New Chapel Hill and Troup, 1.5 each; Winnsboro, 1.4; Longview, Kerens, Pittsburg and Wills Point 1.3; Frankston, 1.2; Palestine, Van and Kilgore 1.1; Lufkin and Grand Saline, 1.0; Overton, Winona, Arp, Gladewater, Tool, Tatum, Nacogdoches, Henderson, Carthage, Marshall, Sulphur Springs, Athens, New Summerfield, Big Sandy, Payne Springs, Coffee City, Jacksonville, Rusk, Malakoff, Brownsboro, Murchison, Gilmer, Athens, New Summerfield and Alto all had growth rates of less than 1 percent.No East Texas towns and cities lost population between 2005 and 2006, according to the Census Bureau estimates.Between July 1, 2000 and the same day in 2006, the Census Bureau estimates that Lindale's population grew 45.2 percent (from 2,954 to 4,290). Other area six-year growth rates include Bullard 44 percent; Whitehouse 37 percent; Mabank 31 percent; Chandler 22 percent; Gun Barrel City, 17 percent; Yantis 14 percent; Hawkins 12 percent; Mineola, Athens and Wills Point 11 percent each; Canton and Quitman 10 percent each; Van 9 percent; Kerens, Tool, Noonday and Payne Springs, 8 percent each; Winnsboro, Grand Saline, Brownsboro, Murchison and Gilmer, 7 percent; Troup, Coffee City, Kilgore and Pittsburg, 6 percent; Sulphur Springs 5 percent; Winona, Ore City, Big Sandy, Frankston, Malakoff, Longview, Arp, Nacogdoches, New Summerfield, 4 percent; Gladewater, Jacksonville, Lufkin and Palestine and Henderson, 3 percent; and Tatum and Rusk, 1 percent.Census Bureau estimates show that Alto lost 40 residents, or about 3.3 percent of its population, between 2000 and 2006.
Web Editor
The City of Tyler's population was 94,146 on July 1, 2006, according to estimates released by the U.S. Census Bureau today.That is up from the 83,650 in the official 2000 U.S. Census. Population in the city has grown each year since 2000, according to the bureau's estimates, including by 2,177 between 2005 and 2006, or 2.3 percent.Among East Texas cities, Lindale had the highest percentage of growth from 2005 to 2006, up 6.9 percent (4,010 to 4,290), and Bullard 6.1 percent (1,560 to 1,656). Mabank was up 3.4 percent, and Whitehouse was up 2.9 percent (7,116 to 7,327). Other growth rates in East Texas from 2005 to 2006 include Quitman, Mount Pleasant, Alba, Yantis and Chandler, 2.5 percent each; Mineola and Canton, 2.0 each; Gun Barrel City, 1.8; Hawkins, 1.7; Noonday, 1.6; New Chapel Hill and Troup, 1.5 each; Winnsboro, 1.4; Longview, Kerens, Pittsburg and Wills Point 1.3; Frankston, 1.2; Palestine, Van and Kilgore 1.1; Lufkin and Grand Saline, 1.0; Overton, Winona, Arp, Gladewater, Tool, Tatum, Nacogdoches, Henderson, Carthage, Marshall, Sulphur Springs, Athens, New Summerfield, Big Sandy, Payne Springs, Coffee City, Jacksonville, Rusk, Malakoff, Brownsboro, Murchison, Gilmer, Athens, New Summerfield and Alto all had growth rates of less than 1 percent.No East Texas towns and cities lost population between 2005 and 2006, according to the Census Bureau estimates.Between July 1, 2000 and the same day in 2006, the Census Bureau estimates that Lindale's population grew 45.2 percent (from 2,954 to 4,290). Other area six-year growth rates include Bullard 44 percent; Whitehouse 37 percent; Mabank 31 percent; Chandler 22 percent; Gun Barrel City, 17 percent; Yantis 14 percent; Hawkins 12 percent; Mineola, Athens and Wills Point 11 percent each; Canton and Quitman 10 percent each; Van 9 percent; Kerens, Tool, Noonday and Payne Springs, 8 percent each; Winnsboro, Grand Saline, Brownsboro, Murchison and Gilmer, 7 percent; Troup, Coffee City, Kilgore and Pittsburg, 6 percent; Sulphur Springs 5 percent; Winona, Ore City, Big Sandy, Frankston, Malakoff, Longview, Arp, Nacogdoches, New Summerfield, 4 percent; Gladewater, Jacksonville, Lufkin and Palestine and Henderson, 3 percent; and Tatum and Rusk, 1 percent.Census Bureau estimates show that Alto lost 40 residents, or about 3.3 percent of its population, between 2000 and 2006.
Wednesday, June 20, 2007
Building Permits
Article published Jun 17, 2007
Building Permits
The city of Tyler issued 47 building permits, for $21.81 million in estimated construction valuation, during the week of June 3-9. Through May, the city issued 2,796 permits for an estimated valuation of $119.62 million. Through May 2006 it issued 2,895 permits for an estimated valuation of $104.73 million.
Permits issued June 3-9:
COMMERCIAL
Green Acres Baptist Church, 1607 Troup Highway, three stories, 100,440 square feet new construction and addition to education building, $16 million.
Ken Mass, 612 N. Border Ave., 450 square feet, Mass Barber Shop, $37,500.
Heritage Properties, 5348 Old Jacksonville Highway, grading permit, no value listed.
COMMERCIAL REMODEL
First Baptist Church, 301 W. Ferguson St., $4,600.
Burns & Noble, 110 N. College Ave., $455,560.
Marla and Alan Jasper, 217 N. College Ave., $36,000.
RESIDENTIAL
Ron-Slo Inc., 764 Esperanza Place, two stories, 3,300 square feet, $412,500.
Ron-Slo Inc., 766 Esperanza Place, two stories, 3,958 square feet, $494,750.
Ron-Slo Inc., 768 Esperanza Place, two stories, 3,741 square feet, $467,625.
Ron-Slo Inc., 770 Esperanza Place, two stories, 3,300 square feet, $412,500.
Ron-Slo Inc., 1120 La Vista Drive, two stories, 4,909 square feet, $613,625.
Deborah Davis, 6708 Fleta Circle, 2,225 square feet, $209,284.
Jim and Pam Essman, 1403 Old Creek Drive, add 312 square feet, $25,000.
Gene Johnson Homes, 415 E. Frazier St., 1,753 square feet, $75,000.
Pyramid Homes, 6811 Mandy Lane, 2,412 square feet, $212,328.
Stricklin Homes Inc., 7009 Walden Drive, 1.5 stories, 4,161 square feet, $366,292.
Lester and Phyliss Tucker, 1315 Bradley Ave., add 1,000 square feet, $20,000.
Habitat for Humanity of Smith County, 1831 Alice St., 1,172 square feet, $103,171.
Mauricio Orrostieta, 3615 Gish Lane, 480-square-foot storage shed, $4,000.
Riverbend Custom Homes, 810 Marquette Lane, 3,314 square feet, $291,731.
Baker Realty Group, 8412 Stonebridge Way, 2,547 square feet, $239,570.
Lindale Homes, 2543 Guinn Farms Road, 2,225 square feet, $195,867.
Darrell Guthrie, 840 Colonial Drive, carport, $14,500.
Griselda Alexander, 3206 Rolling Hill Drive, add 348 square feet, $15,000.
Bob Kurtz Homes, 7005 Walden Drive, 3,376 square feet, $340,000.
RESIDENTIAL REMODEL
Robert Pirtle, 115 E. Second St., $60,000.
Edda Nina Lewis, 403 Southgate Ave., $15,000.
Belinda Roger, 714 Bennett, $4,500.HVACSeventeen permits for 27 units, $548,613.
SIGNOne permit, $1,000.
SWIMMING POOLTwo permits, $135,000.
Building Permits
The city of Tyler issued 47 building permits, for $21.81 million in estimated construction valuation, during the week of June 3-9. Through May, the city issued 2,796 permits for an estimated valuation of $119.62 million. Through May 2006 it issued 2,895 permits for an estimated valuation of $104.73 million.
Permits issued June 3-9:
COMMERCIAL
Green Acres Baptist Church, 1607 Troup Highway, three stories, 100,440 square feet new construction and addition to education building, $16 million.
Ken Mass, 612 N. Border Ave., 450 square feet, Mass Barber Shop, $37,500.
Heritage Properties, 5348 Old Jacksonville Highway, grading permit, no value listed.
COMMERCIAL REMODEL
First Baptist Church, 301 W. Ferguson St., $4,600.
Burns & Noble, 110 N. College Ave., $455,560.
Marla and Alan Jasper, 217 N. College Ave., $36,000.
RESIDENTIAL
Ron-Slo Inc., 764 Esperanza Place, two stories, 3,300 square feet, $412,500.
Ron-Slo Inc., 766 Esperanza Place, two stories, 3,958 square feet, $494,750.
Ron-Slo Inc., 768 Esperanza Place, two stories, 3,741 square feet, $467,625.
Ron-Slo Inc., 770 Esperanza Place, two stories, 3,300 square feet, $412,500.
Ron-Slo Inc., 1120 La Vista Drive, two stories, 4,909 square feet, $613,625.
Deborah Davis, 6708 Fleta Circle, 2,225 square feet, $209,284.
Jim and Pam Essman, 1403 Old Creek Drive, add 312 square feet, $25,000.
Gene Johnson Homes, 415 E. Frazier St., 1,753 square feet, $75,000.
Pyramid Homes, 6811 Mandy Lane, 2,412 square feet, $212,328.
Stricklin Homes Inc., 7009 Walden Drive, 1.5 stories, 4,161 square feet, $366,292.
Lester and Phyliss Tucker, 1315 Bradley Ave., add 1,000 square feet, $20,000.
Habitat for Humanity of Smith County, 1831 Alice St., 1,172 square feet, $103,171.
Mauricio Orrostieta, 3615 Gish Lane, 480-square-foot storage shed, $4,000.
Riverbend Custom Homes, 810 Marquette Lane, 3,314 square feet, $291,731.
Baker Realty Group, 8412 Stonebridge Way, 2,547 square feet, $239,570.
Lindale Homes, 2543 Guinn Farms Road, 2,225 square feet, $195,867.
Darrell Guthrie, 840 Colonial Drive, carport, $14,500.
Griselda Alexander, 3206 Rolling Hill Drive, add 348 square feet, $15,000.
Bob Kurtz Homes, 7005 Walden Drive, 3,376 square feet, $340,000.
RESIDENTIAL REMODEL
Robert Pirtle, 115 E. Second St., $60,000.
Edda Nina Lewis, 403 Southgate Ave., $15,000.
Belinda Roger, 714 Bennett, $4,500.HVACSeventeen permits for 27 units, $548,613.
SIGNOne permit, $1,000.
SWIMMING POOLTwo permits, $135,000.
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