Job growth makes the market become stable. It boosts the demand for housing sector and leads to improve the conditions in the housing market. Will it continue? Will the state creating more jobs?
According to the Central Bank, “With inflationary pressures building, there is a need to return interest rates to more normal levels.” When the job created, it helps to have a healthy real estate market. Employment growth is driven by the largest infrastructure since Industrial leads the survey. Without employment, housing market weaken. But with the consistency of job growth, housing market would continue to flourish.