This will likely lead wages to rise significantly to attract more workers. The only cause for concern is that the labor force has not been increasing at a pace that can keep up with the needs of employers, as demonstrated by the very low jobless rate. Revisions by the labor department showed an economy that is doing better than originally thought. In the metro areas contained in this report, the lowest jobless rate was in Billings at 2.4%, followed by Great Falls at 2.5%, and Missoula at 2.7%. Home Buying Guide Foreclosure center Real estate app Down payment assistance Rent Open Rent sub-menu. This is the lowest rate Montana has seen since the Labor Department started keeping records in 1976. Given the solid pace of job growth in the state, it’s not surprising that the unemployment rate is at a very low 2.3%. This to-be-built home is the 'Bronze' plan by Williams Homes, and is located in the community of The Copper Ridge. 7043 Copper Sunset Dr, Billings, MT 59106. Great Falls is only 200 jobs shy of matching its February 2020 level. Billings, MT New Construction Homes for Sale. Regionally, job levels in Billings and Missoula were also above pre-COVID-19 rates. Find horse property for sale in Billings, MT including small horse farms, equestrian estates with barns, large horse ranches, and luxury horse properties. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.Īt the end of the first quarter, 505,200 people were employed in the state, which is up 17,400 from a year ago and 16,100 more than the pre-pandemic peak. Explore land for sale in Billings, MT and houses with land for sale in Montana for more nearby properties. We hope that this information may assist you with making better-informed real estate decisions. 2ba 1,870 sqft (on 1.09 acres) 917 Edgehill Vista Rd, Billings, MT 59101 W.F. The following analysis of select counties of the Montana real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner.
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