It appears that the strong economic momentum of the U.S. economy will continue to drive the real estate market higher as we enter the summer of 2018.

The factors impacting this economic surge come down to America’s domestic growth across multiple segments. The support of a strong recovery from the moribund years following the crash of 2008 and the high regulation and high tax years that followed is projected to continue into 2019.

Non-farm payrolls climbed significantly, driven by strong momentum in both manufacturing and the construction industries. Contractors are continuing to see that this boom economy is not being fueled by anything other than a strong demand cycle and a pure economic growth. Contractors are conducting their businesses very close to the vest, not overspending or expanding unless they have the labor and finances to back those projects. This 2017-19 economy will most likely be looked upon in retrospect as one of the greatest periods of growth in American economic history.

According to the government reports:
■ Payroll growth hit 233,000 for May; this is the highest level since February, which exceeded expectations for only 188,000.
■ The unemployment rate fell to 3.8%. This is the lowest level the country has seen since April 2000.
■ The average hourly earnings for Americans rose by 2.7%.
■ Full-time jobs rose to 904,000 for the month and part-time positions declined by 625,000; thus indicating that companies are converting part-timers into full-timers.