Tag Archive for ‘construction labor’

The Number of Hispanic Construction Business Owners Rises in Every Age Group

The number of business owners in the construction industry (firms involved in the construction of buildings, heavy/civil engineering construction, or specialty trade contractors) declined 8% from 2.3 million in 2007 to 2.1 million in 2012, according to the U.S. Census Bureau’s Survey of Business Owners (collected in years ending in ‘2’ and ‘7’). An earlier post reported that the number… Read More ›

Construction Trades: A Step on the Path Toward Higher Paying Jobs

A recent NAHB study identifies eight senior positions at home building companies that are often to nearly always filled by someone with experience in one or more of the construction trades.  Average annual compensation (salary and bonus combined) for each of the eight positions is at least $80,000—at least $100,000, if the position is Head/Director or above of one of… Read More ›

Young Adults & the Construction Trades

NAHB conducted a national poll of young adults ages 18 to 25 to find out how this age group feels about a career in the construction trades. The majority of young adults (74%) say they know the field in which they want to have a career.  Of these, only 3% are interested in the construction trades. Most of the young… Read More ›

Construction Employment: Faster Growth in the West and the Midwest

Based on the Regional and State Employment data from the Bureau of Labor Statistics, overall construction employment is growing relatively faster in states in the West and the Midwest. The amount of housing supplied through home building depends on both supply and demand considerations. Housing demand supports rental and owner-occupied demand. On the other side of the marketplace, housing supply… Read More ›

The Construction Immigrant Worker Flow

New NAHB research estimates the immigrant labor flow into the construction industry over the housing boom and bust years. The results show that more than 135,000 immigrant workers entered the US construction industry at the height of the housing boom in 2005. By 2011, the construction immigrant flow plummeted to a low of 23,000, highlighting the role of new immigrant… Read More ›

Where are the Trades?

From 2006 to 2011, over 1.5 million trade contractors left the market. In spite of 111,000 unfilled positions as of August 2013, employees are not returning as rapidly as one might expect. In fact, a recent survey found the cost and availability of labor to be second most significant issue faced by builders behind only building material prices. Relatively poor… Read More ›