DFW Economic Indicators, May 2017

The Dallas–Fort Worth economy grew modestly in April. While still positive, the Dallas and Fort Worth business-cycle indexes decelerated during the month, with growth falling below their long-term averages. Payroll employment contracted, while the unemployment rate dipped. Demand for both office and industrial space was solid in the first quarter, although vacancy increased. Housing affordability remained low in Dallas, a result of continued rapid home price appreciation.