More jobs usually equate to more housing sales and rentals In that regard, the good news for real estate investors is that more than 5.2 million new jobs are projected to be created during the 2024 to 2034 period, according to the U.S. Bureau of Labor Statistics. Total employment will increase to 175.2 million from 170 million, representing an approximately 3.1 percent growth rate per year.
The problem: A deepening affordable housing crisis threatens to undermine that job growth — and with it, the commercial and residential real estate markets that depend on a mobile, employable workforce. In particular, the healthcare and social assistance sectors are expected to experience major job creation as an aging populace seeks more assisted living services and medical care. Forecasts also call for major job growth in the professional, scientific, technical and advanced manufacturing areas.
These jobs of the future will be attracted by metros with major research universities
