Boeing’s Consolidation Will Be Boost To St Louis Real Estate Market

By Dennis Norman, on November 17th, 2016

This past week Boeing Co., one of St Louis’s largest employers (5ht or 6th largest give or take) announced they would be moving 500 jobs to St Louis from Huntington Beach, California as part of it’s Defense, Space & Security business.  The jobs they are bring to St. Louis are good jobs and will mean that roughly 500 employees, many with families, will be relocating to St Louis soon which will be a nice little boost to the St Louis housing market.  Granted, there were about 20,000 homes sold in St Louis and St Charles County (the two counties that stand to benefit most from the relocated Boeing employees) so 500 home sales is a just a small percentage, but given that the concentration of the buyers will most likely be within a 30 minute commute or so of Boeing, which is only a fraction of both of those counties (and a little part of the city of St Louis), it will have a fairly significant impact on that market.

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