Dive Brief:

• An uptick in job growth usually points to an upcoming surge in homeownership as first-time buyers earn more money for down payments and mortgages.

• But the jobs that the U.S. economy is creating are not in fields where employees have high homeownership rates, a February study by Freddie Mac pointed out.

• Deputy Chief Economist Leonard Kiefer explained in a blog that most of the new jobs over the next decade will be for low-wage, low-education positions like retail sales staff, food preparers, cashiers, and waiters—occupations with below-average homeownership rates.

Dive Insight:

Freddie Mac’s analysis of homeownership by profession found that registered nurses, managers, accountants, office supervisors, administrative staff, and elementary school teachers—all occupations with above-average homeownership rates—will also be in great demand over the next 10 years.

But the jobs with the highest homeownership rates, including engineers, lawyers, doctors, and computer professionals, will see average job growth, while demand for some high-ownership professionals, like business managers, will barely grow over the next decade.

The bottom line, Kiefer said: “The current jobs outlook does not suggest a major uptick in domestic homebuying power going into the next decade.”