Improving Housing Market Brings New Employment Opportunities in the US

The improving housing market in the US is bringing more employment opportunities, and Waterfront Properties and Club Communities have brought more than one dozen agents on board to manage the increase in South Florida real estate transactions. According to a recent report by Bloomberg.com this improvement could lead to more than half a million jobs being created this year, and as many as 700,000 jobs next year.

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Waterfront Properties and Club Communities in Palm Beach County is a definitely part of that trend. Since the end of last year the Jupiter-based real estate brokerage has hired 13 new agents, and each show signs of success in selling homes in Jupiter, Juno Beach and Palm Beach Gardens, as well as in other areas of the county.

The employment opportunities aren’t just limited to buying and selling, but also include numerous other elements related to housing such as underwriting, inspecting, installing, finishing, and paving and landscaping as well as a whole host of other services. According to Glenn Hubbard, President George W. Bush’s chairman of the White House Council of Economic Advisers, the housing industry is so strong right now it’s well on its way to helping to support the US economy. This is something the National Association of Home Builders agrees with, and a recent study found that at least three employment opportunities are generated every time a single-family home is constructed.

Brett Hunter is chief economist for Metrostudy in Palm Beach Gardens and anticipates that housing starts on single-family homes will spike to 632,000 this year, an 18% increase. Next year that figure is expected to approach 800,000. In addition the US Labor Department recently reported that the number of jobs being added in the construction industry is outpacing the overall market. The Federal Reserve is currently holding down interest rates by investing in mortgage-backed securities and treasury bonds which all points to a further strengthening of the housing market.

Waterfront Properties and its team of sales specialists are at the forefront of housing activity along the Gold and Treasure coasts. Property prices are increasing, and both buyers and sellers are becoming more active. At the moment there are a number of great deals to be had on sales of homes in luxury gated communities such as Mirasol, and on waterfront property in North Palm Beach.