The CEO of one of the largest US homebuilders perfectly summed up the housing market
US real estate is so large and complex that it can sometimes be hard to get a good view of the health of the market. Between the boatload of data and the nearly 70 million single-family homes, it s rare to get a full picture of the state of the housing market. Rya上海同城对对碰交友社区 n Marshall, CEO of the homebuilder Pulte Group, however, laid out the state of the US housing market in one succinct quote.
With US new home sales for 2016 on track to grow in excess of 10 percent over last year, we believe housing demand remains on a sustained path of recovery fueled by ongoing job creation, low unemployment, a supportive interest rate environment, and a limited inventory of homes, Marshall said in a press release announcing Pulte Group s third-quarter earnings.
Let s break that down a bit.
Marshall is correct that new home sales are on track to grow by over 10 percent this year. In fact, single-family home sales grew over 20 percent for June, July, and August compared with the same months in 2015.
To Marshall s job creation point, what may be even more important than an unemployment rate hovering at or below 5 percent is that wage growth and pay raises are starting to come through for American workers. This even showed up for Pulte Group, which saw new orders increase 17 percnet in the third quarter — much higher than the 11.2 percent expected by analysts. Thus, 上海龙凤论坛 with a tight labor marke[……]