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Statement from NAHB Chairman Bob Nielsen on President Obama’s Address to the Nation
The National Association of Home Builders (NAHB) had this to say regarding President Obama’s Jobs Plan address to the nation:
“. . . it’s discouraging that the Administration still fails to recognize that housing has a central role to play in restoring the nation’s workforce.”
“In normal times, housing accounts for 18 percent of the nation’s gross domestic product, and nothing packs a bigger local economic impact than home building. Constructing 100 average single-family homes generates more than 300 full-time jobs, $23.1 million in wage and business income and $8.9 million in federal, state and local tax revenue.
“Housing has traditionally led the nation out of past recessions and needs to be playing a far bigger role than it has so far in today’s lackluster recovery. That won’t happen until federal regulators move to end the credit freeze for new home production, banks allow qualified home buyers access to affordable home loans and policymakers acknowledge there is a clear need to support homeownership and get housing moving again to spur growth, create jobs and restore consumer confidence.”
— Bob Nielsen, Chairman of the National Association of Home Builders (NAHB), September 9, 2011.
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Private-sector employment increased by 91,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated advance in employment from June to July was revised down modestly to 109,000, from the initially reported 114,000.
This week’s Unemployment numbers were unspectacular insofar as the unemployment situation is concerned. As usual, there was no improvement. Claims are still hovering at 400,000 and will probably get worse before it gets better. But, get a load of the ‘special factor’ that led off the announcement:
Following a strong 1st quarter (+763,000) US labor demand stalled with losses of 292,000 since March North Carolina, Minnesota, 
The Conference Board Employment Trends Index™(ETI)
Employment in the U.S. nonfarm private business sector rose 157,000 from May to June on a seasonally adjusted basis, according to the latest 
Online advertised vacancies slipped by 123,800 in April to 4,322,300 according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The April decline follows a strong gain of 763,100 in the first quarter of 2011.