3 Great Things (And 1 Troubling Thing) For Housing in the New Jobs Report


The news was ALMOST uniformly good for the housing market in the latest government jobs report.


The economy ended 2014 in a most delightful fashion, with the government releasing a very positive jobs report for December.

How does such good news relate to the housing market? Below, we’ve compiled three of the most encouraging stats in the report, as it pertains to housing, along with a troubling trend that the economy cannot seem to overcome.

The 3 Great Signs

•Party Like It’s 1999 – The economy added 252,000 jobs in December, bringing 2014’s monthly average to 246,000 added jobs a month. That’s not only the best average since 1999, but additionally, the 2.9 million jobs that 2014 added is the best 12-month stretch since 2000.

•Residential Construction Boon – The news was particularly good for residential construction, which added 13,500 jobs from November to December and 33,400 jobs for the last three months of 2014. By year-over-year measures, residential construction jobs re now up 6 percent (versus the overall job growth of 2.1 percent).

•Millennial Improvements – After several months of lackluster numbers, the employment rate finally improved for Millennials, with 76.4 percent reporting they had jobs; that’s up from 75.5 percent in Dec. 2013, and is the highest level since the end of 2008. One thing we should note – normal Millennial employment is in the 78 to 80 percent range, so we’ve still some ground to cover.

The 1 Troubling Sign

•Wages Still Lagging – And speaking of ground to cover, the new jobs report has offered yet another sign that wages remain weak, even as labor force participation falls. In December, private-sector employees saw their hourly wages rise just 1.7 percent; that’s not only below the historic trend of 2 percent, but also represents the weakest yearly wage growth since late 2012.

We write about income and wages fairly often, and for good reason – until wages recover, it’s unlikely that the housing market can truly recovery. Doug Duncan, the chief economist at Fannie Mae, put it best in his comments on the jobs report: “Meaningful income growth needs to occur to spur household formation, which has been frustratingly anemic in the current economic expansion,” he said. “That dependence on income growth acceleration means the economy should drag housing upward, rather than housing being a leader in growth acceleration.”

Read More Related to This Post


  • I simply want to mention I’m beginner to weblog and absolutely savored this web site. More than likely I’m going to bookmark your blog . You absolutely have good writings. Kudos for revealing your blog site.

  • acne cream says:

    Howdy! Would you mind if I share your blog with my myspace group? There’s a lot of people that I think would really enjoy your content. Please let me know. Cheers|

  • Thanks for sharing excellent informations. Your website is very cool. I’m impressed by the details that you¡¦ve on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the information I already searched all over the place and simply could not come across. What an ideal web-site.

  • I wanted to put you that very little note to help say thank you the moment again relating to the pleasing principles you have featured in this article. This has been quite particularly open-handed of you to supply easily what some people could possibly have distributed as an electronic book in order to make some money for themselves, precisely now that you might have tried it in case you desired. These thoughts also worked to become fantastic way to realize that other people online have the same zeal like my personal own to grasp more when it comes to this condition. Certainly there are numerous more fun periods up front for many who looked over your website.

  • I¡¦ve recently started a website, the information you offer on this web site has helped me greatly. Thanks for all of your time & work.

  • I intended to create you the little bit of remark just to give many thanks yet again just for the precious strategies you have featured on this page. It has been wonderfully generous with people like you to grant openly all that numerous people would have made available as an e book to earn some bucks on their own, even more so given that you might have done it in case you considered necessary. Those good tips as well served to be a good way to be certain that someone else have the same keenness like my very own to see whole lot more when it comes to this issue. I think there are millions of more pleasant opportunities in the future for individuals who start reading your website.

  • Fantastic beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog website? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

  • I’m still learning from you, as I’m improving myself. I absolutely enjoy reading everything that is written on your site.Keep the aarticles coming. I loved it!

  • Hiya very nice website!! Man .. Excellent .. Wonderful .. I’ll bookmark your website and take the feeds also¡KI am happy to search out a lot of useful info here in the submit, we’d like develop extra strategies on this regard, thank you for sharing. . . . . .

  • Thanks for every other excellent post. The place else may just anybody get that kind of info in such a perfect way of writing? I’ve a presentation subsequent week, and I’m at the search for such information.

  • Leukemia says:

    I relish, result in I discovered just what I used to be looking for. You’ve ended my four day long hunt! God Bless you man. Have a great day. Bye

  • Excellent weblog right here! Also your web site lots up very fast! What host are you the usage of? Can I get your affiliate hyperlink in your host? I want my site loaded up as fast as yours lol

  • Good write-up, I am regular visitor of one¡¦s blog, maintain up the nice operate, and It is going to be a regular visitor for a lengthy time.

  • I have been exploring for a little for any high quality articles or weblog posts on this kind of area . Exploring in Yahoo I eventually stumbled upon this website. Studying this info So i¡¦m glad to express that I have a very just right uncanny feeling I discovered just what I needed. I such a lot indisputably will make certain to do not forget this website and provides it a glance on a constant basis.

  • My spouse and i have been very contented Louis could conclude his analysis with the precious recommendations he got when using the weblog. It’s not at all simplistic to just possibly be making a gift of guides which usually men and women may have been trying to sell. And we also grasp we have the blog owner to be grateful to for that. The illustrations you have made, the simple website navigation, the relationships you can make it easier to create – it’s all unbelievable, and it’s assisting our son and us understand the concept is awesome, which is particularly fundamental. Thanks for the whole thing!

  • Pretty section of content. I just stumbled upon your site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently rapidly.

  • Hey, you used to write wonderful, but the last few posts have been kinda boring¡K I miss your great writings. Past several posts are just a little bit out of track! come on!

  • I carry on listening to the news broadcast lecture about getting boundless online grant applications so I have been looking around for the finest site to get one. Could you tell me please, where could i get some?

  • I just wanted to make a small word so as to say thanks to you for all the splendid items you are sharing on this website. My time intensive internet search has finally been honored with good quality strategies to exchange with my guests. I ‘d say that most of us readers actually are truly lucky to be in a fabulous website with many marvellous people with great pointers. I feel really lucky to have encountered the website page and look forward to so many more enjoyable minutes reading here. Thanks once more for all the details.

  • Wow, marvelous blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is great, let alone the content!

  • of course like your web site but you need to check the spelling on quite a few of your posts. Several of them are rife with spelling issues and I in finding it very troublesome to inform the reality then again I will definitely come again again.

  • Apple Laptop says:

    Hi there, just became aware of your blog through Google, and found that it is truly informative. I’m going to watch out for brussels. I’ll be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  • Great beat ! I would like to apprentice while you amend your website, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast offered bright clear concept

  • This is very interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your wonderful post. Also, I’ve shared your web site in my social networks!

  • Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! However, how can we communicate?

  • I’m still learning from you, but I’m trying to achieve my goals. I absolutely enjoy reading everything that is posted on your website.Keep the aarticles coming. I liked it!

  • Health Plan says:

    I’m still learning from you, as I’m trying to reach my goals. I certainly love reading everything that is written on your site.Keep the posts coming. I enjoyed it!

  • that’s good, thanks for sharing,.. I think this is great blog

  • Diet Program says:

    that’s good, thanks for sharing,.. I think this is great blog

  • I think other web site proprietors should take this website as an model, very clean and magnificent user genial style and design, as well as the content. You are an expert in this topic!

  • Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossips and internet and this is really frustrating. A good web site with exciting content, this is what I need. Thank you for keeping this web-site, I’ll be visiting it. Do you do newsletters? Can not find it.

  • I’ve been absent for some time, but now I remember why I used to love this web site. Thanks , I will try and check back more often. How frequently you update your website?

  • I have fun with, cause I found just what I was taking a look for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye

  • I get pleasure from, cause I discovered exactly what I was having a look for. You have ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye

  • Thank you for the sensible critique. Me & my neighbor were just preparing to do some research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such great information being shared freely out there.

  • Europe Foods says:

    I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the nice quality writing, it’s rare to see a nice blog like this one today..

  • What i don’t understood is in truth how you are no longer really a lot more well-favored than you may be right now. You’re very intelligent. You understand thus considerably on the subject of this subject, made me in my view believe it from a lot of varied angles. Its like women and men don’t seem to be fascinated until it is one thing to do with Lady gaga! Your personal stuffs excellent. At all times handle it up!

  • Glass Door says:

    There is evidently a bunch to identify about this. I think you made some good points in features also.

  • that’s good, thanks for sharing,.. I think this is great blog

  • I just could not go away your website before suggesting that I extremely enjoyed the usual info an individual supply to your visitors? Is going to be again often in order to check out new posts

  • that’s good, thanks for sharing,.. I think this is great blog

  • Flokati Rug says:

    Thanks for sharing excellent informations. Your web site is so cool. I am impressed by the details that you have on this website. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my pal, ROCK! I found just the information I already searched everywhere and simply could not come across. What a great web-site.

  • Whats Happening i’m new to this, I stumbled upon this I’ve discovered It absolutely useful and it has aided me out loads. I am hoping to contribute & help other users like its helped me. Good job.

  • travel tours says:

    Helpful information. Lucky me I discovered your site unintentionally, and I’m shocked why this twist of fate did not came about earlier! I bookmarked it.

  • that’s good, thanks for sharing,.. I think this is great blog

  • Business says:

    that’s good, thanks for sharing,.. I think this is great blog

Join the conversation

Oops! We could not locate your form.