Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Politics & MoneyReal Estate

ADP: Employment increases 230,000 jobs in September

Construction jobs are on the rise

U.S. employment rates continue to climb, increasing in nearly every sector in September, according to the ADP and Moody's Analytics National Employment Report.

The National Employment Report indicates that private sector employment increased 230,000 jobs from August to September.

The chart below demonstrates a steady rate of increase since 2013:

Moody Analytics Sept

(Source: ADP, Moody’s Analytics)

ADP Research Institute Vice President and Co-Head Ahu Yildirmaz said the labor market continues to impress.

“Both the goods and services sectors soared,” Yildirmaz stated. “The professional and business services industry and construction served as key engines of growth. They added almost half of all new jobs this month.”

The report revealed that construction jobs increased once again, and overall the goods-producing sector is predicted to increase by 46,000 jobs.

Below is a breakdown of job segments that saw increases or decreases in employment between august and September:

Natural resources and mining: Increase 5,000

Construction: Increase 34,000

Manufacturing: Increase 7,000

The service-providing sector is predicted to increase by 184,000 jobs, including:

Trade, transportation and utilities: Increase 30,000

Information: Decrease 3,000

Financial activities: Increase 16,000

Professional and business services: Increase 70,000

Education and health services: Increase 44,000

Leisure and hospitality: Increase 16,000

Other services: Increase 10,000

Moody’s Analytics Chief Economist Mark Zandi said the job market continues to power forward.

“Employment gains are broad-based across industries and company sizes,” Zandi said. “At the current pace of job creation, unemployment will fall into the low 3%’s by this time next year.”

Most Popular Articles

Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By

Latest Articles

Purchase orders give boost to Fidelity’s title segment in Q2

Title firm Fidelity National reported $3.9 billion in total revenue for the second quarter, up from $2.4 billion year over year and $2 billion in the first quarter.

Aug 05, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please