1. January Data Shows Continued Housing Recovery, Spurring Job Growth on
Hound.com
On Wednesday, the Commerce Department released its monthly housing figures and reported
that both building permits and housing completions grew in January. The data reflected a
recovering housing market, which has spurred employment growth in real estate on
Hound.com.
Pasadena, CA (PRWEB) February 22, 2013 -- On Wednesday, new data released by the U.S. Commerce
Department found that building permits and housing completions both grew in January. The latest data points to
a steadily recovering housing market and much improved real estate labor market, as reflected in employment
data on Hound.com.
In its latest report, the Commerce Department reported that building permits increased 1.8 percent and housing
completions increased 6 percent in January, respectively, over December’s revised numbers. The number of
building permits represented a 35.2 percent leap over January 2012. Housing completions were 33.6 percent
above the January 2012 rate. Building permits are a gauge of future activity, as building companies will apply
for them before starting construction projects. The number of housing completions has swelled in recent months
as construction companies scramble to meet pent-up consumer demand from the recession, when building starts
were at a minimum. Although experts will concede that the housing market is not yet where it needs to be, the
data represented a huge improvement in the housing market, especially in comparison with the previous year’s
numbers.
The latest statistics from the Commerce Department reflect employment trends found on Hound.com, a leading
job site. The fact that housing construction has expanded is in direct correlation with the low inventory of
available homes on the market, resulting in higher home prices and faster sales. This has created a strong
employment demand for all of the key players involved in those transactions, including real estate brokers and
agents, as well as real estate lawyers (especially those with finance experience). At the time this release was
written, Hound.com found 10,064 jobs in real estate on its site. The greatest demand is for those with
experience in residential sales.
“The fact that existing housing inventory has contracted to its lowest point in over ten years means that we’re
approaching what’s closer to a seller’s market. This has had broad implications for those seeking employment
in real estate,” said Harrison Barnes, CEO of Hound.com. “We’re seeing a lot of momentum in hiring from real
estate firms, real estate investment firms, and law firms that have a real estate practice group.”
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2. Contact Information
Andrew Ostler
Hound
http://www.hound.com/
626-243-1800
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