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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
Construction Hiring Reflective Of Employment In Certain Regions
By: CareerCast.com
Employment numbers through the first half of 2015 show that, in areas where the hiring outlook has improved, the construction industry is a key cornerstone. Similarly, regions with higher overall unemployment rates are lagging in construction hiring. For example, Washington State posted its best employment in seven years in June 2015. The Seattle Times reports statewide unemployment of 5.3%. "The construction sector played a key role in that, adding 17,700 jobs statewide between June 2014 and June 2015, second only to the professional and business-services sector, which added 20,800," the report says. Conversely, NJ.com reports losses in construction in New ... more