Housing Follows Jobs

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Colorado added about 52,400 jobs from May 2012 to May 2013, putting the state on track to have a higher-than-expected 2.5 percent job growth rate this year.

Infrastructure, including work on the new DIA rail line and major projects on Interstate 225 and U.S. 36, is helping to lead Colorado’s recovery.

The leisure and hospitality sector saw a 3.8 percent rise in jobs year-to-date through May. The increase comes after the best tourism year ever in Denver in 2012, extending an eight-year trend, with record numbers of visitors, visitor spending, and lodger’s tax collection.

Economists list three primary avenues for housing recovery: better market fundamentals, improved market composition, and more jobs.

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