The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in
Total nonfarm payroll employment increased by 431,000 in March, and the unemployment rate fell to 3.6% from 3.8%. The labor market recovery is continuing, as employment in some sectors, such
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled
Job growth accelerated in February with widespread gains across industries. Total nonfarm payroll employment increased by 678,000 in February, and the unemployment rate edged down to 3.8%. Construction industry employment
Despite the omicron surge, the U.S. job market experienced solid gains. Total nonfarm payroll employment increased by 467,000 in January, and the unemployment rate ticked up slightly to 4.0%. Additionally,
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs declined for the month to 337,000 unfilled
Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell
The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure
As the U.S. economy struggles under the burden of the coronavirus pandemic, economists are discussing how a recovery might unfold once social distancing and other measures begin to succeed. A
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
Housing markets in the Midwest have experienced weakness in recent quarters. For example, single-family permits posted a 3.6% decline in year-to-date data when comparing December 2018 level with December 2017
The new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state. NAHB Economics estimates that out of 9.8 million people working
Home building, remodeling and the overall residential construction industry support many types of jobs. BLS data from the 2014 Occupational Employment Statistics (OES) Survey, and NAHB analysis, provide a count of
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
New NAHB Economics research shows that the share of young adults ages 18 to 34 living with parents or parents-in-law increased sharply in the late 2000s. According to the most
Professionals in the housing industry know that demography and housing are closely related. The total number of households and their respective forms are fundamental drivers of housing demand. With this in mind,