RISMEDIA, Monday, April 22, 2013
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for April showing that despite the ongoing housing recovery and gains on the construction jobs front, large economic headwinds persist. For example, the stubbornly high unemployment rate serves as a reminder of just how far the economy needs to go to get back to a healthy level. A short preview video and the complete April 2013 U.S. Economic and Housing Market Outlook are available here.
Housing starts were up 47 percent from March 2012 to March 2013, passing 1 million starts for the first time in nearly five years. The pace of construction job growth has been accelerating in recent months. Over the past year, net construction job growth represented 8 percent of all job gains, while in the last six months it represented 15 percent. Read more…