We discuss the week's economic housing data in this housing market video in Mortgage Applications data and the Pending Home Sales Index data. The weekly Housing Data has seen a slight pullback in most categories as of late, except for Home Prices.
We find a continuing theme in the Housing Industry, a shortage of new housing inventory causing existing home prices to rise. We have a shortage of construction workers in the industry who left after the Housing Crash and many of these workers haven't come back to the industry. The forecasts predict a worker shortage for the foreseeable future, so if you are looking for employment opportunities, fit and handy, this may be a field for you that has long-term potential.
MBA Mortgage Applications
Pending Home Sales Index
The number of people working in construction is still below what it was in 2007.
Source: Bureau of Labor Statistics