Pursuits
Jobs Beat Foreclosures as Housing-Market Guide
This article is for subscribers only.
Employment levels may affect local U.S. housing markets more than the number of foreclosed homes, according to Shawn Snyder, a Citigroup Inc. economist.
The CHART OF THE DAY shows the performance of the National Association of Home Builders/First American Improving Markets Index, which Snyder cited in a report two days ago to support his conclusion.