From NAR
The rise in construction jobs is a positive sign for the housing market, as it can lead to increased housing supply and more stable prices. By understanding this trend, REALTORS® can better predict market changes, offer informed advice to clients, and stay competitive.
Key Points:
- More Construction Workers: This increase can help address housing shortages by speeding up new builds.
- Potential for Market Balance: More homes may lead to better supply-demand balance, possibly easing price pressures.
- Economic Indicator: Growth in construction jobs often signals a stronger economy, which can boost buyer confidence.
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