Tuesday, June 10, 2014

The Current State of the the Construction Market

The National Association of Realtors released a study today finding that 32 states and the District of Columbia saw a disproportionate amount of job growth in relation to home construction in the past three years.

In its study, the Realtor group noted how builders since 1960 constructed a ratio of one single-family home for every 1.5 jobs created on a national basis. Yet, in the past three years, several states, led by Michigan, Florida, Utah, California, Montana and Indiana, produced jobs in excess of that ratio, the study found

Of course, it is possible that people are just choosing to rent apartments in the big city. It is always dangerous to view correlations in economic data as somehow constants.

(via WSJ)

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