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Industry news roundup: November 12, 2012

November 12th, 2012 by Berit Griffin

Confident consumers spur retail, remodeling hiring
USA Today
“The economy added a better-than-expected 171,000 jobs last month, the Labor Department said Friday. A healthy portion of the additions came from sectors, such as retail and construction, that were lagging but now are benefiting from a more bullish consumer.”

Right Away, Housing Challenges for Obama
“Now that President Barack Obama has won re-election, there are several housing-related challenges staring the federal government square in the face.”

Election Likely to Leave Housing Unmoved
Wall Street Journal
“Don’t fix what isn’t broken. Whatever the outcome of Tuesday’s elections, that is likely to be one view of the housing market, especially given its nascent rebound. Home prices continue to rise, as shown by the latest S&P/Case-Shiller data; sales activity is strengthening, while delinquency trends improve.”

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