Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years on a national level. Translating openings to actual positions remains somewhat challenging, however, indicating difficulties matching candidates' skillsets with job requirements. With the unemployment rate at 5% and the under-employment rate under 10%, a thinning pool of prospective workers will exert upward pressure on wages as employers intensify competition for workers. During the past 12 months, average hourly earnings rose 2.6%, according to a report by Marcus & Millichap. Despite healthy job creation and low interest rates, sales of existing single-family homes in some parts of the country have failed to advance as inventory constraints and high prices keep many would-be buyers from purchasing homes. Job growth and higher housing costs do not apply to the southern region, where areas such as Dallas continue its booming ways.—Lisa Brown
BY THE NUMBERS
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
