The Dallas–Fort Worth economy continued its expansion in January. Job growth was moderate, and the Dallas Business-Cycle Index rose. However, the Fort Worth Business-Cycle Index fell following robust growth in 2018. Revised data indicate that DFW employment grew 2.5 percent in 2018—above its long-term average rate. Home-price appreciation has decelerated, and housing affordability remains low in Dallas. Home inventories ticked up in January. DFW employment expanded an annualized 1.8 percent in January, and growth for December was revised down to 3.5 percent (Chart 1). Payrolls rose 4.8 percent (10,500 jobs) in Dallas ... (full story)