Housing and labor are related. When the employment rate is up, more often than not, so is the housing rate.
Florida’s unemployment rate reached its most recent apex at 11.4 percent in December 2009, according to the Bureau of Labor Statistics. However, a four-year string of economic recovery pulled the unemployment rate down to the present 5 to 6 percent. Compared with other states, this is still relatively high; but it’s a good start.
This signs of rejuvenated confidence are making Charlotte County Chamber of Commerce executive director Julie Mathis bullish about the future. She tells Florida Weekly’s Roger Williams:
“People are positive. New home permits are up. Construction permits are up. All that has a trickle-down effect. People are getting their hair and their nails done more.”
If you have been putting off building a home through the recession, now may be a good time to call home builders in Palm Beach County and start construction of your dream house. It is important to ensure, however, that you work with the right company who will consider your needs and preferences without sacrificing quality.
The Price Tag
A paper published by the New England Public Policy Center reports that housing price tags influence employment growth. Generally, lower housing costs are preferable during an economic recovery period to keep the positive trend going. Seasoned contractors are aware of this, and would be flexible to variances in budgets among their customers.
With this in mind, determine a suitable budget for your new home, and talk with reliable Palm Beach County contractors like Palm Beach County Contractor Corp., who have the capacity to work with a wide range of budgets.
The robust economy means better employment opportunities and job security. Not only are long-standing businesses doing better, a plethora of start-up companies have also been mushrooming all over the state.
Certainly, building a home is a major decision that needs to be carefully weighed. However, now may be a good time as any for this venture with all the signs pointing to a favorable environment. Do your homework, talk to mortgage experts about your financial needs and situations, and consult reputable home builders who can give you options on how you can finally get that home of your dreams.
(Source: The workforce returns, Florida Weekly, June 19, 2014)