Texas Leads U.S. in Growth as Californians Flock to Lone Star State
• Texas outpacing most states in population growth, GDP growth, and job creation • Over 102,000 people moved from California to Texas in 2022 • Texas GDP grew 7.7% in Q3 2022, far above national rate of 4.9% • Unemployment slightly higher in Texas at 4.1% vs 3.7% nationally • Housing market slowed but poised to recover as Fed eases policy