Month: May 2018

  • San Antonio added 24,208 people between July 2016 and July 2017, according to U.S. Census Bureau data. San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people, an average of 66 people per day between 2016 and 2017. Photo: Pixabay Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau. “San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people, an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6%. This growth was enough to push San Antonio's population above the 1.5 million mark.” Some of the other cities with the largest population gains were Phoenix, Ariz. (24,000); Dallas, Texas (18,900); Fort Worth, Texas (18,700); Los Angeles, Calif. (18,600); Seattle, Washington (17,500); and Charlotte, N.C. (15,600). Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2%, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7%. Fort Worth, Texas, surpassed Indianapolis, Ind., becoming the 15th largest city in the United States with a population of 874,168. Indianapolis has a population of 863,002. The 14 largest U.S.cities have not changed since 2016. While the main focus of this release has been on the 3.9% of cities with populations of 50,000 or more, the United States is a nation of...
  • Nissei Plastic Industrial Co. LTD debuted its new San Antonio plant during a Monday afternoon event. The Japanese plastic injected molding machine maker welcomed customers, suppliers, public officials and other guests at the South Side plant for tours and an open house. The company's Los Angeles-based subsidiary Nissei America Inc. invested $21 million to build a 115,000-square-foot plant off Lyster Road at Brooks. Operating under the name Nissei Plastic Machinery America Inc., the San Antonio facility will be used to make medium to large-scale hybrid plastic injection molding machines for a variety of manufacturers. Now marking his ninth trip to the Alamo City, Nissei Plastic Industrial Chief Operating Officer and General Manager Sumio Tanaka told the Business Journal that the plant represents an important step for the company's plans to increase its presence in the Americas. "San Antonio is the center of the United States," Tanaka said. "It's not only the center of the United States — it's North America and South America. We can send our machines anywhere in the American continent." In a process that takes eight days to one month, the company's San Antonio plant is able to make up to five plastic injected molding machines at a time. The plant currently has nine employees. That number is expected to grow to 20 by the end of the year and up to 60 employees in three years. The new plant includes offices, a learning center, a showroom for customers and a service center. Brooks President and CEO Leo Gomez was part of the original September 2014 trade mission that brought the plant to San Antonio. The event, he said, fulfills the company's plans to meet demand in a growing sector in the manufacturing industry. "It's a real source of pride for the leadership of Nissei plastics," Gomez...
  • bankrx/iStock Once you find your dream house and your purchase offer is accepted, you need to get through one more step before you move in: mortgage closing. The time it takes to close on a home will vary from one person to the next. When everything goes right, loan closings can be completed in as little as 21 to 28 days, says Atlanta-based real estate agent Bruce Ailion. Currently, Ellie Mae reports that the average closing time for home loans is 44 days. “Factors like the type of home loan or last-minute changes and requests will affect the amount of time it takes before a house becomes yours. But typically, a lender can close on a mortgage in about a month,” states Andrina Valdes, the division president at Cornerstone Home Lending, Inc. in San Antonio, TX. However, not everything always goes according to plan. Issues can arise that can keep you from settling into your new place for weeks and sometimes months longer than you expected. Here are some of the most common snafus that can delay the mortgage closing process. 1. Expensive purchases for your new home A word of advice: Don't make any pricey purchases with your credit card before closing on your house. "This could actually put buyers out of qualifying for their new home,” says Texas real estate agent Jeff Peterson. After an offer on a house is accepted, some people may be tempted to buy a new sofa, dining set, or another expensive piece of furniture. But real estate experts warn that this could be disastrous. Right before closing, the mortgage lender will pull the buyer’s credit to make sure nothing has changed. A big purchase will show up, which could become an issue, because it means that the buyer is taking on more debt....