DFW leads the nation in job creation. From unemployment to wages and job generation to inflation, DFW outperforms the rest of the United States. According to the U.S. Department of Labor DFW employment surpassed 3.6 million in 2017. More significantly, DFW added more than 100,000 jobs last year. DFW’s unemployment rate is 3.9 versus 4.4 nationwide. Tarrant County’s unemployment rate is 3.2—one of the lowest in the country. The average DFW weekly wage exceeds $1,100 (U.S. average is $1,020). DFW residents pay significantly less for food and energy than the national average.
These labor statistics mean that the Tarrant County rental housing market will remain strong throughout 2018. The multifamily industry depends on sustained job creation and strong wages. More jobs mean more demand for rental units. Increasing wages mean that renters have sufficient income to cover their housing needs. More people, paying more rent, and paying rent on time translates into a healthy rental market.
Texas’ low tax, low regulation policies, as well as, aggressive economic development initiatives foster a pro-jobs environment, but local governments enact ordinances and rules that hinder job creation. AATC aggressively opposes government initiatives and regulations that diminish job creation. From city fees and land-use policies to inspections and onerous building codes, Tarrant County rental property owners face challenges that stifle economic growth.
AATC PAC SUPPORTS CANDIDATES IN 2018 PRIMARY ELECTIONS: AATC PAC supports AATC member State Representatives Stephanie Klick (HD 91) and Craig Goldman (HD 97), as well as, state representative Republican incumbent Charlie Geren (HD 99) in the March 6th primary elections. AATC PAC endorses Tarrant County Justice of the Peace incumbent Democrats Sergio DeLeon (P5) and Lisa Woodard (P8). AATC PAC also supports Republican Bill Brandt in the Precinct 3 Justice of the Peace race. The unexpected resignation of Republican incumbent Congressman Joe Barton (TX 6) caused a domino-effect with eleven Republicans (including Tax Assessor and former Barton Chief of staff Ron Wright) and five Democrat candidates. NAA PAC supports Ron Wright in this race. Wright’s move created an opening at Tax Assessor with four Republicans and one Democrat filing to fill this vacancy.
MARCH 6 PRIMARY ELECTIONS – KEY DATES: More than 160 candidates filed for places on the March 6th Tarrant County primary election ballot. Unlike recent elections, Democrats are running a very broad slate and numerous Republican incumbents have primary opponents. If you are not already registered, the last day to register to vote is February 5th. For more information about voter registration go to http://www.aatcnet.org/voting-results.html. Early voting begins Tuesday, February 20th, and ends Friday, March 2nd.
LUNCH & LAW 2018 – To help you navigate the various legal issues impacting your business in 2018, AATC will once again be offering a series of Lunch & Law Seminars on February 15, April 19, May 31, June 28, August 16, October 25, and December 13 featuring AATC member attorneys. Lunch & Law Seminars are one-hour, over-lunch discussions on hot legal topics facing our industry including service/support animals; early lease terminations; towing; bankruptcy; habitability/duty to repair; eviction appeals; resident screening; and renting to non-U.S. citizens. These sessions are great opportunities to interact with an AATC member lawyer on a less formal basis. Lunch & Law Seminars begin at 12:00 noon at AATC’s office (6350 Baker Blvd, Fort Worth 76118). Availability is limited to 36 attendees. The cost is $49 per attendee. Lunch will be provided. No shows will be billed, and cancellations must be received 48-hours in advance. Lunch & Law Seminars are not part of the STAR program. For more information about AATC’s Legal Services Program or Lunch & Law Seminars, contact Perry Pillow by email at firstname.lastname@example.org or phone at (817) 616-0354.