flexiblefullpage -
Currently Reading

Morgan Stanley says REO rental program could create nearly 2 million jobs

Advertisement
billboard -
Business

Morgan Stanley says REO rental program could create nearly 2 million jobs

New research from Morgan Stanley suggests the federal government’s program to turn foreclosed properties into rental opportunities could have a significant positive impact on job creation.


By Jeff Zagoudis, Associate Editor February 17, 2012
Morgan Stanley, REO rental, job creation, construction, real estate

New research from Morgan Stanley suggests the federal government’s program to turn foreclosed properties into rental opportunities could have a significant positive impact on job creation. This boost could apply to one-time construction and remodeling jobs as well as permanent positions, according to a story on HousingWire.

In the short term, Morgan Stanley projects the program will create approximately 1 million construction and real estate jobs. As conversions are completed, another 800,000 or so permanent jobs could appear. These would mostly take the form of services related to rental units, including property cleaning and rent collection.

Should these predictions come true, it would create more positive momentum for an industry that has been trending upward. The Bureau of Labor Statistics reports that construction employment rose by more than 50,000 in December 2011 and January 2012. This has helped make a dent in the 2.16 million jobs that have been lost in the industry over the last five years.

On the housing side, Morgan Stanley analysts expect some 8 million foreclosed properties will be sold over the next five years.

To read more of the story, click here.

Related Stories

Business

Would You Invest in Your Business?

A brief guide to Gauging Your Business’ Value

Business

Websites Done Right

3 essentials for an effective custom builder website that engages prospects and generates leads

Business

Winning With the Trades

Even in a tight labor market, there are ways custom builders can stand out as the preferred company for their trades

Design Details

Design Details: Above the Fray

In a densely populated Seattle neighbor­hood, two adjacent infill sites were developed: The Lookout and Shake Shacks

Backstory

Backstory: Textbook Case of Student Becoming Design/Build Owner

While construction was not in her blood, education and planning lead to success for this Minnesota custom builder

Backstory

Backstory: Riding a Wave to Being a Builder

This is Steve Thomas' story about following your passion to become a successful builder

Business

Arbitration Pros and Cons for Home Builders

Builders should know what leverage and protection they gain and lose when considering alternative dispute resolution techniques
 

Business

A Picture Is Worth a Post

Custom-home builders share why they gave Instagram a try and why the social media platform is essential for their marketing outreach

Leadership

Problem-Solver With A Passion

There's nothing passive about Natalie Leonard's drive to build sustainable affordable Passive homes

Business

Getting Prospects to Pay for It (The Estimate)

A preconstruction process that convinces potential clients to pay for estimating is less about contract language and more about beginning a relationship

Advertisement
boombox1 -
Advertisement
boombox2 -
Advertisement
native1 -

More in Category




Advertisement
native2 -
Advertisement
halfpage1 -