At its nadir during the recession, construction employment fell below 5.5 million nationwide. No industry felt the squeeze of that period in the late 2000s-early 2010s quite like construction, and the climb back has been slow.
However, with total construction employment in Summer 2016 sitting a bit below 6.7 million -- still 1 million below its peak in 2007 -- ...more
Trulia’s latest American Dream survey reveals consumer optimism about homeownership is rebounding as the housing market recovers, even among young adults who were often pegged as renters for life during the recession. Meanwhile, rising prices will encourage some homeowners to sell in 2013.more
The headline from the Commerce Department report on new home sales this morning was that August delivered a 7.9% increase over July. The Commerce Department numbers for August surprised analysts just like the existing home sales data last week because it seems that many folks have bought into the idea that rising interest rates are choking off the nascent housing ...more
One school in Mississippi is offering a hands-on approach to a new generation of construction professionals.
The classroom looked like a construction site, and the instructors were experienced equipment operators. Forty career and technology students from George County High School spent Friday morning learning lessons like crane capacity and the proper way to hook-up a load.
"It's always good to ...more
The United States economy added a reported 155,000 jobs in December, a number that 30,000 new hires in the construction sector buoyed.
Substantial hiring improvements in construction could partially reflect the rebuilding effort after the fall's devastating Superstorm Sandy.
The 30,000-job gain is the construction industry's most growth in 15 months.more
Construction employment expanded in 194 metropolitan areas, but it declined in 88 others and was stagnant in 57 between August 2012 and August 2013, according to an analysis of federal employment data by the Associated General Contractors of America.
The Los Angeles-Long Beach-Glendale metro in California added the largest number of construction jobs in the past year -- 8,900 jobs, ...more