Eye On Housing
Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand. This deficit of housing in the United States continues to exist because of persistent supply-side headwinds for builders, creating a critical housing affordability challenge for renters and homebuyers…. Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings posted a monthly decline in October but remain higher on a year-over-year basis. The estimated number of job openings declined from the September total (327,000) to 311,000 in October, after reaching a post-Great Recession high of 434,000 in April. The October 2019 count of unfilled… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in September on a year-over-year basis. The estimated number of job openings declined from the August total to 338,000 in September, after reaching a post-Great Recession high of 434,000 in April. The September 2019 count of unfilled jobs represents a year-over-year gain relative to… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in August. The estimated number of job openings in the construction sector increased to 379,000 after reaching a post-Great Recession high of 434,000 in April. The August 2019 count of unfilled jobs represents a year-over-year gain relative to the 315,000 estimated unfilled construction jobs… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in July, after a declines off a cycle high count for April. The estimated number of job openings in the construction sector increased to 373,000 in July after reaching a post-Great Recession high of 434,000 in April. The July 2019 count of unfilled jobs… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings declined in June, after a decline in May off a cycle high count for April. The estimated number of job openings in the construction sector fell back to 347,000 in June after reaching a post-Great Recession high of 434,000 in April. The decline occurred with… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings declined in May off a cycle high count in April. The estimated number of job openings in the construction sector fell back to 369,000 after reaching a post-Great Recession high of 434,000 in April. The decline occurred with a somewhat elevated level of layoffs in… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in April, consistent with the ongoing challenge of the availability of labor for builders. The estimated number of job openings in the construction sector increased to 404,000, a post-Great Recession high. Moreover, this marks a significant gain over the 258,000 openings estimated in April… Read More ›
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in March, consistent with the ongoing challenge of the availability of labor for builders. The estimated number of job openings in the construction sector increased to 360,000, a post-Great Recession high. Moreover, this marks a significant gain over the 234,000 openings estimated in March… Read More ›
After significant data revisions for 2018, new data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings remained near a cycle high as of January, an indication that the skilled labor shortage continues into 2019. The open position rate (job openings as a percentage of total employment plus current job openings) held steady at 3.9%. The… Read More ›