Home Sales Hit Their Highest In 16 Years

The chief economist for Realtor.com has said that she expects home sales to hit a 16-year high this year. She said that she expects a record year for homebuyers, and trends show that competition is continuing to stay strong with demand outnumbering the available units.

According to Forbes, housing inventory is picking up at a record pace. For the third month in a row, listings increased with July listings up 30.7 percent. While buyers had more options when it came to buying, the competition remained in the sellers’ favor, according to experts.

While the U.S. housing market is growing toward a more level supply versus demand total, there is still a strong demand for more housing units. That means that the construction industry will remain in demand in the residential construction realm.

With a need for residential construction projects, there remains a strong need for skilled laborers and equipment operators in the construction industry. If you are looking for a new career with strong job opportunities, training as a heavy equipment operator or learning the different skill sets for a construction worker can be a real asset to your future.

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