Real estate market trends coincide with periods of population growth and economic prosperity, at both state and municipal levels. Rental demand for luxury units expanded regionally in 2015, notes Marcus Hiles, and according to recent numbers from the Department of Labor, Dallas saw labor force expansion to over 3.75 million and maintained one of the lowest unemployment rates in the United States — closing 2016 at 3.5%. The state saw construction of over 69,000 new apartments in 2016, primarily within the four main metro areas.

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Marcus Hiles Notes Growth In Dallas Labor Force

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