Texas bounced back from the recession with jobs increasing two years sooner than the nation as a whole, and by January 2016 had 1.3 million jobs had been created since its pre-recession employment peak. Marcus Hiles urges an understanding of the Texas Consumer Confidence Index (CCI), that calculates financial optimism through savings and spending habits. In May 2016 the CCI in Texas was 117.6, compared to the the national CCI of 92.6. The financial growth in the state has provided a upsurge to the housing market and local communities. The cost of residential property increased by 5.9 percent over previous years.