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You are here: Home / Archives for oil and gas

oil and gas

Despite Oil Concerns, Jobs Keep Coming

July 22, 2015 by khproperties Leave a Comment

Oil Refinery

Even with the oil concerns that hit the Texas economy as the oil and gas industry slowed, Texans kept a bright outlook on the future and rightfully so. In the year from June 2014 to June 2015, Texas added 276,400 nonagricultural jobs (nongovernment jobs accounted for 253,900). While the mining and logging did not add jobs over the year with the slow down, all other industry segments except manufacturing saw increases. The annual growth rate for Texas through June 2015 stands at 2.6% (private sector, nongovernment) while the nation is at 2.4%. This brings the Texas unemployment rate to 4.2%, compared with 5% at the same time last year, while the US fell from 6.1% to 5.3%.

image courtesy of Dirigentens

Filed Under: Real Estate Market Tagged With: texas, economy, oil and gas

Distribution of Proposition 1 Funds Announced

December 19, 2014 by khproperties Leave a Comment

Texas Highways

Since the passage of Proposition 1 in Texas in November of 2014, legislators have been discussing what to do with the $1.7 billion in funds. Proposition 1, which passed with 79.79% of the vote, moves money from the Economic Stabilization Fund (also know as the Rainy Day Fund) from oil and gas taxes into the State Highway Fund. In the first year, that amount is expected to be $1.7 billion and the funds are now set to be spent improving Texas’ roadways. Both the Legislative Budget Board and the Governor’s Office have now approved a plan to distribute the money from Proposition 1 as follows:

  • 40% to go to metropolitan planning organizations (about $700 million)
  • 30% to go to TxDOT districts to improve connectivity (about $552 million)
  • 15% to go to TxDOT districts for maintenance (about $261 million)
  • 15% to go to addressing road issues in areas where oil and gas exploration is increasing traffic (about $261 million)

image courtesy of Charles Henry

Filed Under: Miscellaneous Tagged With: proposition 1, state highway fund, texas, oil and gas

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Open Floorplan

Is An Open Floorplan The Right Style For You?

Open floorplan living is often billed as the perfect floor plan, bringing family together in a single room where cooking, conversation and the screen share the same space. It has been a popular feature of a … [Read More...] about Is An Open Floorplan The Right Style For You?

New Kitchen

Nine Mistakes To Avoid With A New Kitchen

No room carries more influence with a buyer than the kitchen because it’s where the everyone gathers and many memories are made. The kitchen can represent up to 20% of the entire value of a property, so it’s … [Read More...] about Nine Mistakes To Avoid With A New Kitchen

House Fire Safety

9 Ways To Avoid Housefires

A fire in your home can happen at any time of the year, but with colder months upon us it’s easy to see how the danger increases with the setting of wood-burning heaters and the use of candles to create a cozy … [Read More...] about 9 Ways To Avoid Housefires

Call A Plumber

Is It Time To Call A Plumber?

As a homeowner, you’ll inevitably have to call in a Sydney plumber to deal with plumbing problems at some stage. It’s one of the ‘pleasures’ of owning property! Choosing the right contractor can feel a little … [Read More...] about Is It Time To Call A Plumber?

First Time Homebuyer

8 Tips For First Time Homebuyers

If it's your first time buying homes for sale, it can be quite intimidating – you’ve got to deal with agents, sellers, rival buyers, banks, and title companies. And it’s not always clear what role each of them … [Read More...] about 8 Tips For First Time Homebuyers

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