Everyone is very reluctant to officially claim that there has
been a housing recovery and that the troubled times from recent
memory are officially in the past. Clearly superstitions have come
into play. Regardless of ones opinion there have been very
successful figures surfacing especially thus far in 2012 that give
every reason to be confident that Massachusetts and the nation as a
whole are progressively climbing out of the economic and housing
disaster.
Did you know? The construction industry was one of the hardest
hit industries from the economic downturn. In fact, one quarter of
all jobs lost were from the construction business and this
accounted for a staggering 2.3 Million jobs lost. Even today
construction continues to struggle, despite its improvements in
2012. Julys reports noted that the unemployment rate in this sector
of the economy was at 12.3% which is far worse than the 8.3%
unemployment the entire economy is realizing. However, just in this
past July there were 5,800 workers added to the Construction
industry and in two past blogs we reported that housing starts are on the
rise as is total spending in the
construction industry, according to the most recently released
data. The trickle down or domino effect that the Real Estate
industry is almost second to none. With the vast improvements in
the Real Estate market that from all indications only look to
continue, there is only going to be a continuous positive effect on
the countless other complementary industries of society.
More Information: CNN Money