Spring 2024 Housing Market Outlook

Job growth continues to be strong Unemployment still low but job turnover has declined

1,000 Monthly Change in Total U.S. Employment

500

303K

0

U.S. Unemployment Rate

7%

6%

5%

3.8%

4%

3%

Jan 2021 Apr 2021 Jul 2021 Oct 2021 Jan 2022 Apr 2022 Jul 2022 Oct 2022 Jan 2023 Apr 2023 Jul 2023 Oct 2023 Jan 2024

Source: U.S. Bureau of Labor Statistics

21

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