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Construction Job Openings Fell in February

Pro Builder

Despite the weakening that will occur in 2023, the housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. The post-virus peak rate of hiring occurred in May 2020 (10.4%) as a post-covid rebound took hold in home building and remodeling. rate in February.

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Construction Industry Reports Strong Year-Over-Year Gains for Job Openings

Pro Builder

in May 2020, NAHB’s Eye on Housing reports. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. The post-virus peak rate of hiring occurred in May 2020 (10.3%) as a rebound took hold in home building and remodeling. growth rate.

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Construction Job Openings Dropped From Peak Highs in May

Pro Builder

Still, the construction industry is actively recruiting skilled laborers to add inventory to a largely undersupplied market. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. Hiring in the construction sector was little changed at a 4.7% rate in May.

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Construction Job Openings Are Rising, but for How Much Longer?

Pro Builder

Despite the weakening that will occur in later in 2023, the housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. The post-virus peak rate of hiring occurred in May 2020 (10.4%) as a post-covid rebound took hold in home building and remodeling. reading in March.

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October Reports Surge in Construction Job Openings

Pro Builder

The number of open construction jobs reached a record of 410,000 unfilled positions in October in the midst of an underbuilt housing market dependent on trade labor for additional inventory. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. rate in October.

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Construction Job Openings See Strong Year-Over-Year Gains

Pro Builder

hiring growth rate for a sector in need of additional labor to combat low nationwide housing inventory. The post-virus peak rate of hiring occurred in May 2020 (10.3%) as a rebound took hold in home building and remodeling. In April 2020, the layoff rate was 10.9%. growth rate.

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A Look at Lumber Prices From the Supply Side

Pro Builder

I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . A month later, in March 2020, COVID-19 threw a wrench into everything, causing uncertainty across all industries. Lumber Prices—How We Got Here.

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