Tighter Labor Market and Inflation are Key to the Recovery

Housing has made a recovery due to jobs, with Texas as the key market followed by Florida and the Southeast region. Hollis Greenlaw, CEO and Chairman of UDF IV, a lending company that specializes in providing capital solutions to homebuilders and developers, tells TheStreet’s Jill Malandrino if you look at when the Great Recession started at the end of 2007 through 2013, Texas created nearly a million new jobs in contrast to the United States losing a million jobs. Greenlaw says job creation is happening at a state level and that is where housing and consumers are the strongest. He also believes housing will be stronger in 2015 relative to 2014 and the key driver is to picking up the pace in the economy will happen from a jobs perspective. Finally Greenlaw explains why inflation should be embraced by investors because as prices go up, consumers spend as prices will be more expensive tomorrow.

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