This Week in Real Estate
The labor market started the new year with a solid gain as the number of residential construction jobs realized the largest growth in the past twelve months while the unemployment rate still hovers around a 50-year low. As jobs go so goes consumer confidence. According to Fannie Mae’s Home Purchase Sentiment Index This Week in Real Estate the net share of Americans who say it is a good time to buy is 14 points higher than in January of 2019 . Below are a few highlights from the first week of February that influence our business: * A Strong Start for 2020 . The labor market started the new year with a solid gain. Total payroll employment increased by 225,000 and the unemployment rate was 3.6% in January; still near a 50-year low. Employment in the overall construction sector increased by 44,000 in January. The number of residential construction jobs increased by 20,200 in January. It marks the largest gain in the past tw...