Tag Archives: mortgage rates

Why job growth and cheap gas aren’t doing what they should

Apartment buildings in different stages of construction stand behind Don Schmitz, of SCS Builders, LLC, Fond du Lac, as he cuts plywood while at The Woodlands apartments, Tuesday, April 7 in Menomonee Falls. Catalyst Construction, LLC, Milwaukee, is overseeing the construction of five multi-unit apartments at the site for Fiduciary Real Estate Development, Inc., Milwaukee. The work is expected to be complete this summer. (Staff photo by Kevin Harnack)

Steady hiring is supposed to fire up economic growth. Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are supposed to spur home buying. America's economic might is supposed to benefit its workers. Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015.

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