Homebuilders’ outlook posts unexpected drop for first time this year | Plow

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AVON LAKE – At 17, Humberto Melgoza had his first restaurant job washing dishes. At 38, he’s getting ready to open his fourth restaurant. He said working his way up the ladder was a natural.

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ductivity gains in the homebuilding industry, have made housing construction. last year for the first time since 2009, ticking up from 6.9 percent to. 7.2 percent.

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The Valley's strong job growth – 2.9 percent – in the past year, along with starter home. number of days on market drop by 18 days, according to Trulia. As the local economy has continued to add jobs and grow, the housing market around. Investor buys more Phoenix apartments – this time for $100M.

On the economics side, the highlight will come Friday when investors get their first look at economic growth in the third quarter of this year.

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