The National Association of Realtors' latest quarterly report revealed buyers' search for cheaper housing led booming home price growth in Florida and other smaller markets.
Construction employment increased in three-fourths of U.S. metro areas between March 2021 and March 2022, according to an analysis by the Associated General Contractors of America of new government employment data.
“It is heartening to see construction employment come back from the depths of pandemic-induced job losses in most areas,” said Ken Simonson, the association’s chief economist, in a prepared statement. “But the skyrocketing number of job openings shows the industry needs far more workers than are available in many parts of the country.”
Washington, DC, March 21, 2022—Construction employment increased in nearly three out of four U.S. metro areas in January compared to a year ago, according to an analysis by the Associated General Contractors of America of new government employment data.
Construction employment increased in nearly three out of four U.S. metro areas in January compared to a year ago, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials welcomed the widespread job gains but cautioned that contractors in many areas are having trouble finding enough qualified workers to return to pre-pandemic levels amid tight labor market conditions.