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Housing Rebound Likely With Building Permits Rising
By: CareerCast.com
Builders began work on more houses in February and permits for future construction climbed to the highest level in almost five years, pointing to a sustained rebound that will help power the U.S. expansion. Housing starts climbed by 0.8 percent last month to a 917,000 annualized pace, the Commerce Department reported today in Washington. Permits rose 4.6 percent to a 946,000 rate, the most since June 2008. Advances in residential construction will probably give an even bigger boost to growth this year than in 2012, when it contributed for the first time in seven years. The gains are rippling through ... more
Cleveland A Region Seeing Construction Jobs Growth in Recession Recovery
By: CareerCast.com
Development occurring across Northeast Ohio, where the recession's deep freeze left empty lots in housing developments and half-finished building skeletons in shopping centers. Today, downtown Cleveland is booming with new hotels, an Ameritrust rotunda in the process of being revitalized and the first office tower in decades. According to the Federal Reserve Bank of Cleveland, construction employment in Greater Cleveland last September was still 16 percent below the pre-recession rate. Nevertheless, Joel Elvery, a Federal Reserve economist, is cautiously optimistic. "A lot of (commercial) projects were put on hold during the recession because they couldn't get financing," Elvery said. "Now ... more
Summer Hiring Season Off To A Big Start
By: CareerCast.com
U.S. Department of Labor estimates for May 2015 show a 17,000-person increase in the hiring of construction workers, kicking off the summer season with a bang. The summer months are typically the most robust hiring time in the construction industry. May's considerable employment gains follow a huge April, in which construction was responsible for 20% of all hires made for the month. The construction sector as a whole has almost a half-million more employees now than two years ago at this time, and nearly 900,000 more than in 2010, when construction employment was at its worst. Expect the growth to ... more
How to Find Jobs in Construction When There’s no Construction
By: CareerCast.com
Construction jobs and building-trade careers are growing more and more difficult to find. With the housing market flat and new construction projects at a standstill, contractors and the general laborers they employ are feeling the pressure. Remaining optimistic is tough when there aren't any construction jobs available. Yet, for every opportunity, there are hundreds of people who need and want the chance to bid on a job. Understanding the reality of the tough marketplace is fine but don’t let negative news define your future. How the recession has crippled the construction industry There are several reasons the construction industry is ... more
Four-Year Housing Construction High Is Good News For Workers
By: CareerCast.com
Construction spending in the U.S. rose in February, paced by the highest level of home building in more than four years. Outlays climbed 1.2 percent to an $885.1 billion annual rate, following a 2.1 percent decrease in January, the Commerce Department reported today in Washington. The median forecast of 41 economists surveyed by Bloomberg called for a 1 percent rise. Near record-low borrowing costs and an improved outlook for jobs are lifting demand for residential real estate, giving a boost to homebuilders including KB Home. Faster hiring would ensure a more sustained rebound in the industry, allowing for bigger gains ... more
Top States for Residential Home Sales June 2013 To June 2014
By: CareerCast.com
New home sales data from the Census Bureau showed a drop of 8.1 percent on a seasonally-adjusted basis. The decline since the beginning of the year comes to 11 percent. The northeastern U.S. markets slowed sharply. In June, and so far in July, we are back to a situation where home shoppers are shopping but a relatively small proportion of them are actually buying. This is explained in some cases by a long lead time (people taking longer to make a decision), and in other cases by a complete reluctance to buy. CONTINUE READING ATmore
California Construction Growth Points To Long-Term Sustainability
By: CareerCast.com
Construction hiring in California has grown exponentially in the last half-year, and the way in which new jobs have been filled points to a strategy of long-term sustainability for the industry. The U.S. Bureau of Labor Statistics reports as of May 2015, there are nearly 720,000 construction workers employed in the state. That's the most robust employment for the industry since the end of 2008, and an improvement of more than 30,000 jobs just since December 2014. RELATED: View Construction Jobs Open Now The kicker: Economists project many of these jobs to last for several years, a deviation from recent ... more
Off-The-Wall Strategies to Launch Construction Careers
By: CareerCast.com
Construction careers have been hit hard by this recession, which makes applying for a new job - or applying for a better job - that much more daunting. For those seeking construction employment, there has never been a better time to get creative, think outside the box, and invent a way to stand out. Sometimes off-the-wall strategies are the best way to gain a potential employer's attention. In the current construction market, there can be hundreds - if not thousands - of applicants vying for the same position. While this might be intimidating, it also provides a way for an ... more
Homebuilder Confidence On The Rise
By: CareerCast.com
Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates. The National Association of Home Builders/Wells Fargo index of builder confidence rose to 44 from a revised 41 in April, the Washington-based group reported today. The median forecast in a Bloomberg survey called for an increase to 43. Readings below 50 mean more respondents said conditions were poor. “Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening ... more
Top Metro Areas For Construction Hiring
By: CareerCast.com
A report issued by the Associated General Contractors of America finds the top hiring metropolitan areas are the Dallas-Plano-Irving area, which added 11,700 jobs; the Los Angeles-Long-Beach-Glendale area, which added 10,000 jobs; and Chicago-Joliet-Naperville, which added 8,200 jobs. These areas are leaders in the ongoing improvement for the construction industry, as it recovers from the recession. Baton Rouge has seen substantial throughout its downtown, and as a result the metro area's construction is also among the nation's best, per the AGCA report. CONTINUE READING AT NOLA.COMmore