«Ultimately, the desire to buy a home will rise because
of this strong job growth with higher pay, but the financial capacity to buy will be cut because of rising interest rates,» said Yun.
Whether strong job growth is the symptom or the cause of deteriorating housing affordability — are these markets less affordable
because of strong job growth, or is strong job growth the result of something else making these markets expensive?
«The labor market continues to maintain a steady
pace of strong job growth with little sign of a slowdown,» said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
The New York State Labor Department says the recent
trend of strong job growth continued in the latest monthly numbers on employment.
«Now that the voters have spoken, REBNY looks forward to working with elected leaders of all political parties to continue on a
path of strong job growth, the creation of more housing available to all New Yorkers and increased economic growth to pay for vital government services,» he said in an emailed statement to Capital.
Tim Naughton, CEO of AvalonBay Communities, the 17th largest landlord in San Diego County, says a
combination of strong job growth among young adults and the decision to marry later in life was helping business.
Importantly, keep an eye on that magic
mix of strong job growth, a diverse population, and low vacancy rates — punctuated by high consumer confidence.
WASHINGTON (March 7, 2017)-- An improving economy, multiple
years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year.
«We see
some of the strongest job growth and household formation than anywhere in the country,» H. Eric Bolton, Jr., the chief executive officer of Mid-America, said on a conference call Monday.