Tag Archives: Job Growth

Another Top-10 List — Fastest Growing Jobs in America

Jobs are everything to the economy and to the demand for real estate. Within the economy, however, some jobs face an outlook for increased demand while others portend a decline. Two extremes include the almost disappearance of the travel agent industry with the other end of the spectrum being the explosive growth of Web site …Read more

Portland, Oregon — An Award Winning Rose of an Economy

This week I had the opportunity to speak to the Oregon Mortgage Bankers Association in Portland, Oregon. It was a fun trip to catch up with colleagues, friends, customers and for the first time, see a new granddaughter as my daughter, son-in-law and children live there. The Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) created 28,900 net …Read more

Almost Mid-Year MSA and Divisions Jobs Report

Now that we are past the treacherous weather of the first quarter of this year, jobs and related economic activity can be viewed with increased resolution. It’s good to be back to a more normal economic environment. That economic landscape includes, however, a shocking portion of the workforce no longer participating in jobs and millions …Read more

Almost the Mid-Year State Jobs Update — May 2014

Everyone who knows me is aware that my moniker as economist is that Jobs are Everything. Period. That’s why I do not even discuss unemployment rates in my presentations since demand for residential and commercial real estate is more a function of people with jobs rather than the demographics of simply the population. While the …Read more

Residential Building Permits — Single Family is Flat But Multifamily is Growing, Systematically Under Building

As housing continues to recover, the laggard in the sector is new housing sales. New home sales were essentially flat in the first quarter of this year when to the same period of 2013 – 107,000 in 2014 versus 109,000 in 2013 http://blog.stewart.com/stewart/2014/04/25/new-home-sales-misleading-metrics-downturn-not-as-severe-as-thought-year-over-year-q1-sales-almost-identical/ The same is true for single family residential building permits. Single family …Read more

Just as the Miserable Weather in December, January and February Froze Housing Markets, the Warming Spring is Spilling into the Economy.

Just as the miserable weather in December, January and February froze housing markets, the warming spring is spilling into the economy. April job growth pegged 288,000 net new jobs – the largest since January 2012. It was the fifth best monthly gain since February 2006 and ranked the ninth best month in the past 10 …Read more