Market Monday

📈 Austin just claimed the #1 spot for large U.S. cities in economic growth for 2025 (up from #5 last year). A 51% GDP surge, 12% more housing units, a 4% rise in college degrees, 33% higher median income, and a 71% spike in new business applications made it happen. Tech, manufacturing, creative industries, and education all pushed Austin’s 2023 regional GDP to $248B, proving this city is leading the pack nationally.

💥 Unlike other Texas metros, Austin’s growth is broad-based—not just tech. While Dallas, Houston, and San Antonio made the list, only Austin landed at the very top. Round Rock is also surging nearby with 51% GDP growth and an 81% jump in business applications.

🏗️ Austin leads the nation in apartment construction in 2025 with more than 15,000 new units expected by year’s end. According to Pew, every 10% increase in housing supply can slow rent growth by up to 5%—so this building boom could help keep rents from climbing as fast as demand.

📅 Mark your calendars: the Pecan Street Festival is back September 13–14 in Bee Cave with live music, food, and Austin’s creative vendors.

🍔 New spots making waves this week:
Desnudo Coffee just opened a third location on South Lamar, kicking off with free tacos, Oatly drinks, live music, and plant pop-ups. This queer-owned shop continues to grow with community at its core.