Tag Archives: Job Creation

Housing market and global uncertainty help U.S. economy — for now

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More Jobs in Housing, but Workers Aren’t Returning

“One of the reasons is because they are not paying well yet,” said Lisa Marquis Jackson, an analyst with John Burns Real Estate Consulting. “The wages were cut so much in the downturn, so until those prices get back to … Continue reading

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Higher-End Homes Finally Selling Again

“While there’s still a risk that the fiscal cliff will derail the housing recovery, the balance between supply and demand suggests that, if anything, the risks around our forecast of a 5 percent increase in house prices next year are … Continue reading

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Pending Home Sales Surge to Five Year High

Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September. The monthly gauge of pending home sales from the National Association … Continue reading

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Are Construction Job Losses All About Pay?

Despite rising demand for newly built homes, construction employment in August remained flat, stuck at the same paltry pace for the past four months. The numbers don’t make a lot of sense at face value, given that housing starts are … Continue reading

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Colorado adds 8800 jobs in October

The Denver Post’s reporters and editors offer news, analysis and commentary on the latest business, real estate, tourism, gambling and technology news in Colorado. Colorado’s unemployment rate dropped to 8.1 percent in October from 8.3 percent a month earlier, according … Continue reading

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Home Prices Under More Pressure

Home prices are highly seasonal, due to the different mix of homes that sell at different times of the year, but the latest reading for September shows home prices are under added pressure now; this is not just due to … Continue reading

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Missions align for Arrow Electronics and Colorado

John Prieto  On Nov. 15, Arrow Electronics will officially become the largest publicly traded company in Colorado with revenues of around $20 billion and a No. 140 slot on the Fortune 500 list. That’s huge. Certainly having 1,000 employees working … Continue reading

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Cancellations Roil Realtors

Forecasters expected sales of existing homes to rise in June because the pending home sales index, which measures signed contracts, rose in May. If you consider it takes 1-2 months to close, then there’s your indicator. But that was not … Continue reading

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Can Lack of Inventory Save Housing?

The current supply of homes on the market is the best indicator of the future health of the housing market. Let me say that again: Inventories matter. Despite the fact that inventories of newly constructed homes fell to a 7.3 … Continue reading

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