The latest report from the U.S. Labor Department reveals some good news for housing.
First, construction employment saw a 4.5 percent job growth thanks to new demand for new homes. Sales of new homes have risen a total of 63.75 percent since 2011 even as the prices have risen.
And wages are also on the upswing. According to the report, wages rose a half a percentage point and the work week has grown, indicating an increase in hourly employment.
On the downside, rents and prices are increasing faster than wages, basically swallowing those gains for employees.
Read more at Chicago Agent Magazine here.