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Last Friday’s WSJ highlighted, “New home sales fell 4.9% in the first half, a drop that could weigh on job creation in construction and reverberate throughout the broader economy.” Our industry might think otherwise. The January-May 2014 Cornell/SelectLeaders Job Barometer Report recorded a 113% increase from a year ago in job postings in the single-family housing sector. Between January and May single-family housing represented 14.4% of all CRE opportunities. Housing REITS certainly were a factor. Sales of previously-owned homes rose for the third straight month in June. Jobs in residential building rose 2.6% this year. Overall construction, including rehabilitation, may become a better indicator of the economy than looking only at new construction.

Susan Phillips, CEO SelectLeaders
July 30, 2014

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

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