Charles Schwab
The robust rebound in the housing market has had a favorable
boost to the Nations economy over the past year. 2013, as it
currently stands, is already off to a great start in the real
estate industry with bold predictions already being made for how
well the market should fair as we move forward. The economy and job
market should both grow due to the surging of domestic oil-and-gas
production, deferred corporate capital investment ramping up, and
due to the recovery in the manufacturing industry.
The link that can be found at the base of this post features a
video interview with Liz Ann Sonders, the Chief Investment
Strategist at Charles Schwab, who shares some fascinating points
pertinent to the housing market. Theres a lot of amazement that the
market has done so well. When referring to the NAHB/Wells Fargo
Housing Market Index of homebuilder sentiment where the index is 15
months into a sharp rebound which relates to increased
housing-related jobs, Sonders went on to state, …a 15-month lag,
has a very high correlation to the unemployment rate.
What was also highlighted by Sonders was a more quantitative
measurement of just how much the job sector should evolve over the
next eleven months of 2013. Some 700,000 to 750,000 job positions
in all facets related to the housing industry should be produced
not just for this year, but on an annual basis for years to come.
This translates roughly to 50,000 more jobs per month than what we
were already realizing last year in the housing-related workforce.
Such estimates are signs of a year defined not only a continuously
recovering real estate market, but a year that will also be
beneficial to all of those who make their livelihood in some way
due to the housing market.
More Information: Yahoo Finance