Lack of lots and labor have been a concern in the single-family construction market, but results from the Job Openings and Labor Turnover Survey could explain if one of those is still an issue.
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Housing Construction Jobs Open Up
In May, the amount of open, unfilled construction sector positions increased over a slightly downwardly revised April estimate, according to the Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Survey (JOLTS) and National Association of Home Builders (NAHB) analysis presented by Robert Dietz on their Eye on Housing blog. The number of construction jobs increased from 137,000 in April to 149,000 in May on a seasonally adjusted basis.
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