by Excellent October housing report is good news for employment I’ll have a more comprehensive report up at Seeking Alpha, and I’ll link to it when it goes up, (UPDATE: It’s finally up, here ) but in the meantime let me just share the least volatile most leading component which is single family permits: These made a new expansion high. The housing rebound, following lower mortgage rates, is firmly in place. Additionally, both housing completed and under construction have also increased from recent bottoms. These aren’t as leading as housing permits and starts, but they correlate much more closely with residential building jobs, and they argue strongly that residential construction employment, a leading sector of the jobs market, is likely to continue to
Topics:
Dan Crawford considers the following as important: US/Global Economics
This could be interesting, too:
Joel Eissenberg writes How Tesla makes money
Angry Bear writes True pricing: effects on competition
Angry Bear writes The paradox of economic competition
Angry Bear writes USMAC Exempts Certain Items Coming out of Mexico and Canada
Excellent October housing report is good news for employment
I’ll have a more comprehensive report up at Seeking Alpha, and I’ll link to it when it goes up, (UPDATE: It’s finally up, here ) but in the meantime let me just share the least volatile most leading component which is single family permits:
These made a new expansion high. The housing rebound, following lower mortgage rates, is firmly in place.
Additionally, both housing completed and under construction have also increased from recent bottoms. These aren’t as leading as housing permits and starts, but they correlate much more closely with residential building jobs, and they argue strongly that residential construction employment, a leading sector of the jobs market, is likely to continue to increase:
This was a very good report