Category Archives: Jones on Real Estate

MSA and Division Employment Gains – November 2017

Jobs are everything to an economy. Period. Each month the U.S. Bureau of Labor Statistics (BLS) releases employment data at the Metropolitan Statistical Area (MSA) and Division level in both Seasonally Adjusted Annualized Rates (SAAR) and non-seasonally adjusted formats. All employment data in this discussion are from the BLS. As I have written in the …Read more

State Job Growth Rates as of November 2017

Jobs are everything to an economy.   Period.  Always will be. So goes the number of jobs, so goes (in general) the demand for housing, commercial real estate and the overall performance of the economy.  Naturally other factors such as taxes (or the lack-thereof), location, natural resources and external factors alter all of this, but the …Read more

Jobs Report — December 2017 — Just 148,000 Net New Jobs, But the Unemployment Rate Remains at 4.1 Percent, a 17-Year Low

The U.S. created 148,000 net new jobs (preliminary) in December 2017 as reported by the U.S. Bureau of Labor Statistics, 50,000 jobs short of the 198,000 consensus among economists according to MarketWatch. The net gain in jobs totaled 2.055 million in the prior 12-months at an average 171,250 per month.  Total net job gains in …Read more

New Home Sales Hit a 10-Year High in November at 773,000 Dwellings on a Seasonally Adjusted Annualized Rate, Median Price $318,700

New homes sales continued a rapid gain in November 2017, rising to an estimated 773,000 dwelling units on a seasonally adjusted annualized rate (SAAR).   The last time sales on a SAAR were greater was August 2007 at 795,000.   Sales were up 26.6 percent on a year-over-year basis (SAAR) and up 17.5 percent sequentially from October. …Read more

Existing Home Sales Hit Highest Annualized Rate in almost 11 years in November 2017 – Median Price Up 5.8 Percent

Existing home sales posted a seasonally adjusted annualized rate (SAAR) of 5.81 million dwelling units in November 2017, up 3.8 percent versus a year ago and the most seen since December 2006, according to the National Association of Realtors® (NAR).   Median price of $247,000 (not seasonally adjusted), posted a 5.8 percent gain versus a year …Read more

Another Top-10 List — Best Boomtowns of 2017

Just the word alone says it all —  Boomtowns — where economic growth hits the pavement, so to speak. Smartasset once again has assembled their list of the top boomtowns in 2017.   These top-10 are just not hot, but super-hot, as these were identified after examination of 581 cities across the U.S.  The following five …Read more