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Tag Archives: Jobs

The Week Ahead: A Very Important Employment Situation

The start of 2016 has seen slowdowns in many key economic areas. Many in the mortgage industry are anxiously awaiting the results behind the first employment summary of 2016, which will come out on Friday. Will job growth continue its momentum into 2016?

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Construction Jobs Aplenty Among Slow Hiring

The number of job openings in construction overall remained stable in July, though hiring in the home construction sector slowed that same month, according the latest figures from the Bureau of Labor Statistics and the National Association of Home Builders.

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Study: Household Formations Now at Pre-Recession Levels

The study was conducted authored by Gary Painter, director of USC's Lusk Center for Real Estate, and doctoral candidate Jung Hyun Choi, to determine how long declines in household formation would last following a major economic shock such as a drop in employment that occurred during the recession.

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Analysis: Job Outlook Less Than Ideal for Homeownership

With job growth continuing on a strong track, a growing number of housing economists anticipate a comeback in homeownership—particularly among young adults—in the months and years ahead. However, a recent study from Freddie Mac turned up some discouraging results to throw some cold water on economists' high hopes.

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Continued Job Growth Lifts Mortgage Rates from 2015 Lows

Freddie Mac's Primary Mortgage Market Survey for the week ending February 12 shows the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.69 percent (0.6 point) this week, up a full 10 basis points from last week's 2015 low of 3.59 percent.

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Home Prices See Slower Growth as Jobs Become Driving Factor

Trulia reported Tuesday that asking prices for on-sale homes climbed a seasonally adjusted 0.5 percent month-over-month nationwide in January, marking the smallest monthly gain since August. Trulia Chief Economist Jed Kolko says the slowdown reflects a change in the factors influencing price growth.

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