Tag Archives: Job Growth

March 2014 Existing Home Sales Down 7.5 Percent From a Year Ago — Median Price Up 7.9 Percent: Weather, Lending Regulations and Affordability

March existing home sales were just released by the National Association of Realtors® (NAR), showing a 7.5 percent decline in sales from March 2013. Sequentially from February, sales were essentially flat, down just 0.2 percent. The Seasonally Adjusted Annualized Rate (SAAR) as of March 2014 was 4.59 million home sales. This was the lowest rate …Read more

U.S. Job Markets Gain 192,000 Net New Jobs in March 2014 — Now Just Less Than 500,000 Jobs Short of All-Time Record Employment Numbers

The U.S. added 192,000 net new additional jobs in March of this year (preliminary), with the latest 12-month job growth at 1.65 percent. February 2014 job growth numbers were restated from an originally-announced 175,000 to 197,000, while January employment was raised from 129,000 to 144,000. After peaking in January 2008 at 138.355 million jobs, the …Read more

Where Job Growth Has Taken Place

The U.S. plunged downhill in jobs commencing February 2008. From the peak to the trough, the country shed 8.71 million jobs – with the low occurring in February 2010. The country is still 666,000 shy of the job count high recorded in January 2008. With 175,000 net new jobs added in February 2014, the U.S. …Read more

Houston Economy and Housing Markets — Full Throttle Ahead

Jobs are everything to the economy. Period. And that is the same opening I used yesterday when talking about where things are happening, economically speaking, across the U.S. This morning I will be speaking in Houston (where I live), which can best be described as an economy accelerating at full throttle — an appropriate reference …Read more

Another Top-10 List — Apartment Boomtowns

One of my megatrends this and last year in real estate is the continued strong growth in residential rental markets compared to owner-occupied housing. There is going to be at least a decade of people that will be renters, which just a few years ago, would have been homeowners. Consider the trifecta of impacts on …Read more