TWO NORTH TEXAS GE FACTORIES COMING
FORT WORTH (Fort Worth Star-Telegram) – GE Transportation has announced plans to build a mining equipment plant next to its locomotive factory, which is currently under construction near the Texas Motor Speedway.
The 236,000-sf, $95 million plant, which is expected to employ 130 when it opens next year, will be used to build electric-drive systems for large off-road vehicles.
The company's 500,000-sf, $96 million locomotive plant is also expected to open next year. It will employ at least 500.
DFW HOME FORECLOSURES DOWN 10 PERCENT FROM 2010
DALLAS (Dallas Morning News) – A recent study by the Dallas Morning News suggests that DFW's housing market woes may have hit bottom.
According to the study, home foreclosures in the first half of this year were down more than 10 percent from the same period last year, and more than 25 percent from the same period in 2008.
Lenders foreclosed on more than 7,800 DFW homes during the first half of this year, reports Addison-based Foreclosure Listing Service. The total value of those properties was almost $779 million.
Foreclosure rates are highest in places such as Celina, Anna, Princeton, Lavon, Little Elm, Lancaster, Glenn Heights, Forest Hill, Blue Mound and Fate.
D'Ann Petersen with the Federal Research Bank of Dallas said foreclosures bear watching and may remain elevated until there's sustained improvement in the housing market.
"The housing market is still wobbly, but it does appear to have reached a bottom," she said.
