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October Job Gains Pushing Housing Toward Recovery

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea The labor market is helping to boost housing recovery despite a weak virtuous cycle between the jobs and housing recently, according to research released by Trulia earlier this week.The percentage of employed 25- to 34-year-olds reported in October (76.2 percent) is still slightly below its pre-housing bubble rate (78 to 80 percent) but is still at its highest level since 2008, which bodes well for the housing market, since 25 to 34 is the prime age for household formation, according to Trulia. Having a job made a big difference in housing among that age group, according to 2014 Census data – only 12 percent of 25- to -34-year-olds with jobs lived with their parents, as opposed to 21 percent of those in that age group who don’t have jobs. The Bureau of Labor Statistics recently announced that the overall U.S. unemployment rate hit a new six-year low in October.Another key to housing recovery is job growth in “clobbered metros” (areas affected the most by the housing bust), according to Trulia. Job growth was reported a 2.0 percent year-over-year increase in September, which was slightly ahead of the national rate of 1.9 percent for that same period. The clobbered metros with the highest rate of job growth year-over-year in September were Orlando (3.7 percent), Miami (3.4 percent), Jacksonville (3.3 percent), and Las Vegas (2.8 percent). The highest rate of job growth among the top 100 metro areas (clobbered or no) was in Houston, at 4.3 percent. The lowest rate was in Columbus, Ohio, at 0.7 percent, according to Trulia.Residential construction employment, which is an indicator of whether or not jobs are helping the housing market, saw their lowest monthly gain in October (8,000 jobs) since May 2014, according to Trulia. Year-over-year in October, however, residential construction job growth (6.0 percent) was way ahead of the overall national job growth rate for that period (1.9 percent). This may seem like a slow growth rate when compared to the 19.5 percent increase in the number of units under construction that was reported for September, but upon further examination, the rate of growth for employment in residential construction is high relative to construction activity, Trulia reported. Employment Housing Recovery Jobs Residential Housing Construction Trulia 2014-11-07 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Previous: Consumer Confidence Growing, But Attitudes Toward Housing Remain Mixed Next: Detroit ‘Blight Bundle’ Buyer Withdraws Offer Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily October Job Gains Pushing Housing Toward Recovery in Daily Dose, Featured, Market Studies, News Related Articles The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / October Job Gains Pushing Housing Toward Recovery Subscribe  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago November 7, 2014 1,422 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Employment Housing Recovery Jobs Residential Housing Construction Trulia Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Dr. Fox: Spring sports may actually happen, but with a few restrictions

first_imgCoronavirusIndianaLocalNewsSports Dr. Fox: Spring sports may actually happen, but with a few restrictions Twitter Facebook Facebook Previous articleSchool Delays and Closings for Wednesday, Feb. 17, 2021Next articleConservative icon Rush Limbaugh dies at 70 Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. Pinterest By Jon Zimney – February 17, 2021 0 212 Google+ Pinterest (Jon Zimney/95.3 MNC) Spring sports are likely to go on as planned in St. Joseph County — albeit with some restrictions in place.Dr. Mark Fox, the county’s deputy health director, told ABC 57 that he anticipates the South Bend Cubs, to play a full season in the spring and summer after the team’s season was canceled in 2020 because of the pandemic.Fox says testing efforts have been going really well and prevention efforts are just as well, but he says he is not sure yet when things will get fully back to normal. Google+ WhatsApp Twitter WhatsApplast_img read more