Non-Residential Construction Market Still Faltering
Job Order Contracting
OCTOBER 19, 2021
Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Material prices will sort themselves out, however, lack of skilled labor is endemic. Unemployment rate: August 2021: 4.6%. Total employment: August 2021: 7.4M. Material costs: +23.1% (Aug. Construction employment.
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