Since the launch of Professional Builder’s Daily Feed newsletter on June 4, 2014, I have scanned thousands upon thousands of news stories about or related to home building in some way.
House prices impact jobs at startups
Gains in home prices help create jobs at startup companies, according to a Reuters report, citing a correlation between jobs at startups and declining house prices. The equity required to start a business is often higher than the home equity loans homeowners can receive if they purchase a lower-priced home. As home price gains begin to level off, this may slow the creation of new businesses.