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Wednesday, May 7, 2014

Jobs Data Offers Mostly Positive Outlook for Housing

According to recent numbers from the U.S. Department of Labor, job growth in the construction industry and metro areas hit particularly hard by the housing collapse continues to outpace overall growth.  Las Vegas led the pack of metro areas and saw a 3.6 percent increase year over year in March.

On the other end of recent employment data, the job rate for young adults has not fared so well lately.  Employment among 25-34 year-olds dropped slightly in April, and is still below the rates that ranged prior to the housing bubble.  Young adults play a vital role in the drive of housing demand, suggesting that this data reflects notably upon the current housing market.

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