Earlier this month, NAR released a new study that revealed single - family home construction is not keeping
pace with job creation and is lacking overall in 80 percent of measured metro areas.
Not exact matches
«In areas where homebuilding has severely lagged
job creation in recent years, it's going to be a slow slog before there's enough new construction to cool price appreciation to a
pace that aligns more closely
with incomes.»
Forward - looking indicators of employment continue to record levels that have been consistent
with a good
pace of
job creation in the past (Graph 24).
«In areas where home - building has severely lagged
job creation in recent years, it's going to be a slow slog before there's enough new construction to cool price appreciation to a
pace that aligns more closely
with incomes.»
The good news is that «the
pace of new
job creation should pick up to about 100,000
jobs a month in the near future,» says Jim Costello, principal
with CBRE Econometric Advisors in Boston.
«The lack of supply over the past year has been eye - opening, and is why, even
with strong
job creation pushing wages higher, home price gains — at 5.8 percent nationally in 2017 — doubled the
pace of income growth and were even swifter in several markets,» says Yun.
«
With ongoing
job creation, increasing owner - occupied household formation, and a tight supply of existing - home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent
pace.»
«
With ongoing
job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent
pace,» said NAHB chief cconomist Robert Dietz.
«
With ongoing
job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent
pace.»