Jobs Will Increase in 2015

The US economy has been doing better, and the one thing that we were hoping  for is constructionincreased jobs. It looks like that might be happening this year, at least according to Bloomberg Business.

Housing-related employment — anemic throughout much of the current expansion  — got a jolt in January. That’s unusual, since bad weather tends to make it one of the weaker months for construction hiring.

But last month the number of residential construction workers rose 12,500, a gain of 1.8 percent, the biggest one-month jump in percentage terms since 2002.

Other categories related to housing jobs also showed strength. Specialty trade contractors, who’ve been in short supply, increased by 7,600 to the highest level since 2009. Wood products manufacturers added 4,100 employees, building materials stores another 3,700.

Architectural and engineering employment, which includes home designers, increased by 7,800 to the highest level since 2008. And as more homes get built, more realtors will be there to help sell them. Real estate employment rose by 4,400.

“If there is an industry that has an opportunity to surprise” in 2015, “it is residential real estate,” said Neil Dutta, head of U.S. economics at Renaissance Macro Research in New York. “We see strong growth in housing and construction-related industries for both white-collar and blue-collar workers.”

With the improving economy, you might be thinking about purchasing a home. Before you start the process, you should discuss home loans with Ruth Schoenheer. Ruth Schoenherr is a mortgage broker who will help you find home loans in the Clearwater, Palm Harbor, Largo, Safety Harbor, St Petersburg and Tampa Bay area. For more information, go to her web site at www.ClearwaterMortgageBroker.net.

 

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