Monday, April 15, 2013

Recovering Housing Market Boosts Job Creation

David Crowe, Chief Economist for the National Association of Home Builders, released an analysis of the housing market's impact on job creation in the overall economy.

His report points out that as the housing market recovers, the demand for labor in the housing industry grows. This increased demand for labor will boost a slowly recovering national economy.

The overall economic indicators are mixed but the news for the housing market remains positive. According to Crowe, March data showed the count of home builders and residential contractors grew by almost 15,000. In the last six months job growth in this sector increased by almost 74,000.  In addition to these positive numbers, there are over 100,000 unfilled positions in the construction sector - bringing this figure back to a post-Great Recession high.

For the full report from Crowe on the many factors contributing to the current economic outlook visit the NAHB's website at the following link. http://eyeonhousing.wordpress.com/2013/04/12/eye-on-the-economy-as-housing-improves-job-creation-follows/

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