Buying your Florida home is all about finding a good mortgage situation. Here at Palm State Mortgage, we have been reporting a rising feeling of optimism in our recovering economy.
In fact, we have been solidly optimistic about mortgages, home ownership, jobs, the U.S. economy and life in general for several weeks.
Your Home Loan: Empowered By Employment Data
Now, with the recent national Job Report, we have the statistics to validate those feelings! Read on, and find out what they are:
The Department of Labor released a wealth of statistics, but the key positive factors for the economy, finance and ultimately, your house ownership dreams, are included the following gold-star facts:
1. Steady Jobs Inspire Home Ownership! We know that committing to your home loan and a mortgage payment is all about steady employment as well as good credit.
So, it really encourages us when we see that 223,000 jobs were added to the U.S. working world in April.
2. In a recovering economy, we have discovered good jobs are encouraging renters to transform into home owners. Concerning the job growth, Kate Warne, investment strategist at Edward Jones stated, “They are good numbers. It’s reassuring that we saw job growth rebound to above 200,000.”
3. Likewise, we were glad to learn that the unemployment rate dropped to 5.4 percent. We want you to know this is its lowest level since May of 2008.
Palm State Mortgage was happy to see two of the big winners in the job market increases were Construction and Health Care with their additions of 45,000 more jobs, each.
The Home Loan: Construction and Building for Tomorrow
Experts at Auction.com say,” The construction sector continues its expansion, as total construction employment is now up 4.6% year-over-year. Specialty trade contractors, residential construction and civil engineering are all, seeing solid growth.”
When Palm State Mortgage Company closely examines the growth rate of these little sections of the construction industry, we can see remarkable growth over the last three months:
Specialty Trade Contractors = growth of 1.5%
Residential Construction = growth of .6%
Civil Engineering = growth of .7%
Ultimately, what these little facts add up to is a better for your family to find a house they want to buy. The growth in the construction industry, as well as “strong gains in furniture manufacturing, point to a solidifying housing market.”
At Palm State, we think these little facts are good indicators that the economy and the Florida housing industry are slowly, steadily improving every day.
We would be remiss if we did not report that first place for job creation was the area of Business services. This meant 62,000 jobs in marketing, accounting, and other consulting services were added to the national employment roster.
This marked another good indicator for borrowers: We believe that when business begins buzzing like this, it is a sign of good things to come. For more information on the recent jobs report, we suggest you check out this informative online resource.
Is It Time For Your Home Loan?
If you have a good job, good credit, and a down payment, our answer to the above question is a resounding “Yes!”
At Palm State Mortgage, we can explain the details of the best mortgage situation for your home loan. We also have the contacts with lenders to, as we say, “make mortgage dreams come true.” We invite you to visit with us and discover what more jobs, the growing economy and the right mortgage broker, can do for you.