Tag Archives: Construction

Decreases in construction jobs have just added to the inventory problems. According to analysis form the National Association of Homebuilders and the BLS Job Openings and Labor Turnover Survey, construction jobs saw a dip in March. Additionally, construction costs have been on the rise, possibly adding to this decline in construction sector employment.

Despite a strong February, housing starts have fell almost seven percent in March. Although sing-family starts dropped, single-family permits posted the third largest annual pace since the recession. Permits in March grew 3.6 percent to 1.26 million from February’s 1.216 million, and grew year-over-year by 17 percent.

The latest U.S. Census data shows that spending on single-family construction is up over the month and the year. Spending in this segment rose 1.2 percent over January and 3.4 percent since last February. Multi-family and overall spending are both up as well.

On Monday, the United States Census Bureau will release its Construction Spending study for February 2017. The report will cover all areas of construction, including single-family residential. The previous study, for January 2017, revealed an increase in single-family construction, both month-over-month and year-over-year. Did this trend of growth continue?

The increase in new home sales could be due to the warm winter which allowed construction to stay on schedule, last year’s strong home construction starts, and a gradual shift from building apartments to individual homes. However, Kirchner says that while construction is up overall, existing home sales are falling.

Data shows that construction jobs have been increasing since November of last year.

Though large publicly-traded home builders are often seen as a risk to smaller privately owned builders, private builders still dominate the residential construction sector.

Home building in the U.S. picked up again in April after reaching the slowest pace in seven months, easing some of the previous concern surrounding the construction sector.

Although overall job openings, hires, and separations were little changed at the end of October 2015 compared to the previous month, the construction and real estate and rental and leasing sector experienced some positive changes.

The number of job openings in construction overall remained stable in July, though hiring in the home construction sector slowed that same month, according the latest figures from the Bureau of Labor Statistics and the National Association of Home Builders.