Industrial Worker Gain A Boom For Real Estate?
The number of industrial workers in the state of Washington has increase by 1% in the past year, according to the 2012 Washington Manufacturers Directory®, an industrial directory published annually by Manufacturers’ News, Inc. Northwest Washington alone accounts for most of industrial employment in the state with 195,861 jobs.
“The recovery is gaining momentum in Washington and across the U.S.,” says Tom Dubin, President of Manufacturers’ News, which has been surveying industry since 1912. “Overseas demand, particularly for aerospace components, has boosted exports, and the state’s access to capital and investments in innovative technologies has been a draw for a variety of enterprises.”
And this industrial worker gain could be good business for the real estate market as long as the job gains are stable. Considering our current job market which has seen substantial losses, the industrial sector looks strong even with only 1 percent gain. Many of those new and established employees may begin to view purchasing a home if they perceive their jobs as secure and think they are in a growing industry. While the most recent hires may wait on purchasing a home, employees who already have a few years under their belt may view a company’s expansion as a sign that purchasing a home now might be a good move.
Please feel free to leave any comments or questions! 🙂
Leave a ReplyWant to join the discussion?
Feel free to contribute!