Marcus Hiles Credits Success To Planned Development

Planned communities such as the colonial-era cities of Jamestown, Philadelphia, and Charleston, have been shaping America as far back as the 16th century. Today, Marcus Hiles, CEO and Chairman of Western Rim Property Services, firmly believes that designed communities are extremely beneficial to residents and integral to the real estate market throughout the country. The Dallas real estate investor has been designing stunning rental communities for over three decades, witnessing firsthand the transformative impact planned communities have had on Texas’ citizens and economy.

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Marcus Hiles Discusses the Benefits of Following Texas Pro-Growth Policies

Western Rim Property founder, Marcus Hiles, says that state policies have led to job growth that outpaces the entire country. Texas attained post-recession job recovery two years sooner than the nation as a whole, and by January 2016 had 1.3 million jobs were added to its pre-recession employment peak. Because Texas’ unemployment rate has been steadily lower than in the rest of the nation — in April, it was 4.4 percent compared to 5 percent nationally — consumer confidence has been strong. May’s Texas Consumer Confidence Index (CCI), that calculates financial optimism through savings and spending habits, was 117.6, in contrast to the U.S. CCI of 92.6. The vigorous economy in the lone star state has also been a boon to the housing market. The current price of homes increased by 5.9 percent over previous years and the number of single-family building permits by 6 percent. Read More: