New Jobs....New Houses?
Our friend Adam Littman recently penned an article about the strength of Clark County's job growth, with some implication as to how this can affect the current housing market. Below is a featured excerpt and a link to the full article.
“It’s pretty much a continuation of what’s been happening for a couple of years now of really strong job growth,” Bailey said. “(It’s) faster than the state, faster than the nation, faster than Portland.”
The professional and business services sector of the economy saw the greatest growth for both the month and the year, adding 500 jobs over June and 1,500 jobs over July 2015. Construction, mining and logging; and trade, transportation and utilities, which includes retail, each added 1,200 jobs since July 2015.
Bailey said things are looking good in the short term, with more people getting jobs and wages going up, which could lead to an increased demand for housing.