With a “highly educated workforce” and strong employment growth in the healthcare, professional and business service sectors, Columbus, Ohio, “continues to outperform all other Ohio MSAs and most others in the Midwest,” the Federal Reserve Bank of Cleveland reports.

The state capital’s recovery is in “high gear,” with unemployment 6 percent and falling as the area’s largest employers — Ohio State University, JPMorgan Chase & Co., OhioHealth, and Nationwide Mutual Insurance — experience “significant growth.”

Job growth, strong investor demand and consumer confidence have boosted home prices, which have also benefited from declining foreclosure rates.

New-home construction is back above prerecesssion levels after more than four years of subpar growth. Although housing supply remains “exceptionally tight,” the residential construction labor force has recently begun to grow, which is helping reduce the mismatch between increased demand and short supply of the region’s housing. Source: clevelandfed.org.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect is LIVE tomorrow! Join us and thousands of your peers from wherever you are.Register Today×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription