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Non-Residential Construction Market Still Faltering

Job Order Contracting

Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Unemployment rate: August 2021: 4.6%. The post Non-Residential Construction Market Still Faltering appeared first on 4BT. Overall, however, the construction industry in in recovery. Construction employment. August 2020: 7.6%.

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Despite an Uptick During the Pandemic, Residential Mobility Rates Are Declining

Pro Builder

Residential mobility rates have been declining for the past four decades, mostly among young adults and renters, though overall mobility rates declined across all demographic characteristics including age, race, and ethnicity.

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Residential Construction Employment Posts Strong Gains at Start of 2023

Pro Builder

Residential construction gained 5,500 jobs in January, while total nonfarm payroll employment posted a gain of 517,000 in January, its largest monthly increase in six months, the National Association of Home Builders' Eye on Housing reports. While the labor force participation rate rose 0.1 percentage point to 62.4%

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The impact of office-to-residential conversion on downtown areas

BD+C

The impact of office-to-residential conversion on downtown areas 0 qpurcell Mon, 10/16/2023 - 08:29 Office Buildings Gensler's Duanne Render looks at the incentives that could bring more office-to-residential conversions to life. The opportunity for cities is massive. Clair West , Toronto, Ontario.

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Wages for Residential Building Workers Are on the Rise

Pro Builder

Wages for Residential Building Workers Are on the Rise. Average hourly earnings for residential building workers rose 6% year-over-year from $27.01 less than those in residential building, respectively. . The jobs opening rate remained at 4.8% in February, but the unemployment rate dropped to 3.6% Construction.

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Residential Construction Jobs Almost Entirely Recovered

Pro Builder

Residential Construction Jobs Almost Entirely Recovered. Residential construction employment has nearly entirely recovered from its dramatic drop in March and April, but the same cannot be said for non-residential construction. million last month, non-residential construction jobs are trailing behind residential.

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Wage Growth Is Slowing for Residential Building Workers

Pro Builder

Wage Growth Is Slowing for Residential Building Workers. After steady gains since the start of the COVID-19 pandemic, residential building worker wages are slowing in the first month of 2023. Average hourly earnings (AHE) for residential building workers rose 2.8% Tue, 01/10/2023 - 12:23. year-over-year to $29.46