Tag Archive for ‘employment’

$100,000 in Remodeling=Nine Tenths of a Full-Time Job

In addition to benefitting those who live in remodeled homes, remodeling also has the ability to stimulate the U.S. economy. The latest estimates released by NAHB show that spending $100,000 on remodeling generates about $48,000 in wages and salaries in the U.S., which translates to .89 of a job measured in full-time equivalents (enough work to keep one worker employed for a year). Much… Read More ›

The Employment Situation for April – Unemployment Rate 6.3% – It’s Not What You Think

The unemployment rate plunged to 6.3% in April from 6.7% in March. But curb your enthusiasm, it’s not what you think. First, the numbers. The Bureau of Labor Statistics (BLS) released the Employment Situation report for April. The establishment survey showed payroll employment expanded by 288,000, and February and March were revised upward for a combined increase of 36,000. The… Read More ›

Jobs Created in the U.S. When a Home is Built

In an article published the first day of this month, NAHB released new estimates of the impact that building single-family and multifamily homes has on the U.S. economy. The new estimates show that building an average single-family home generates 2.97 jobs, measured in full-time equivalents (enough work to keep one worker employed for a year). A substantial share of this is… Read More ›

Construction Job Openings Cool at the Start of 2014

The number of open, unfilled construction sector jobs declined at the start of 2014, according to the BLS Job Openings and Labor Turnover Survey (JOLTS). While the February open rate is the fifth highest since the end of the recession, the count of open construction jobs fell during a period when unseasonably cold weather took a toll on numerous parts of… Read More ›

Residential Construction Employment Up 9,100 in March

Solid job growth for home builders and remodelers was recorded in March, according to data from the Bureau of Labor Statistics (BLS). The residential construction industry added 9,100 jobs for the month on a seasonally adjusted basis, 3,100 working for builders and 6,000 residential specialty trade contractors.   Total industry employment now stands at 2.242 million, broken down as approximately… Read More ›

Construction Job Openings Rate at Second Highest Level Since 2007

The number of open, unfilled construction sector jobs increased 38% from 113,000 in January of 2013 to 156,000 in January of 2014, according to the BLS Job Openings and Labor Turnover Survey (JOLTS). The January count of open jobs in the sector is the second highest since May 2008. While the recent increase in unfilled positions is consistent with the increase in construction sector activity, particularly for… Read More ›

The Employment Situation for February – Weather The Right Signals

The Bureau of Labor Statistics (BLS) released the Employment Situation report for February. The establishment survey showed payroll employment expanded by 175,000 in February and the prior two months were revised upward for a combined increase of 25,000. From the household survey, the unemployment rate reversed last month’s decline, rising back to 6.7% from 6.6% in January. The labor force… Read More ›

The Essential Subcontractor

Subcontractors are an often over looked but essential part of the home building industry. Many outside the industry do not understand how large a part subcontractors have in the construction of a home. Home builders, as well as remodelers, typically subcontract a large portion of their construction work out to trade contractors who can more efficiently deliver individual pieces of… Read More ›

Wages in Home Building and Remodeling

Wages for most jobs in home building and remodeling typically exceed the median wage in the U.S., according to data from the Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey. In a previous analysis, we examined the kinds of jobs that exist in the residential construction sector. Using the same 2012 BLS data, it is possible to track wages… Read More ›

Jobs in Home Building and Remodeling

Home building is an industry dominated by small businesses around the nation. Data from the Bureau of Labor Statistics (BLS) reveal the many job categories within the industry and their relative concentrations. Previous NAHB research has examined the geographic scope of the building industry, as well industry surveys that present a census of builders and associated businesses. BLS data from… Read More ›