Tag: construction
Multifamily Construction Shifts to Lower-Density Markets
Housing demand for not only single-family homes, but multifamily developments as well, continued to shift to lower-density, more affordable markets in the third quarter of 2020, according to data from the latest NAHB Homebuilding Geography Index (HBGI).
Backward-Looking April Construction Data: Layoffs Surged
Backward-looking data from the Job Openings Labor Turnover Survey (JOLTS) detail the sudden stop associated with the coronavirus and its impacts on the construction labor market. The April data show that the layoff rate in the construction sector increased from 7.9% in March to 10.4% in April. This is the highest rate recorded in the history of the JOLTS data, which began at the end of 2001.
More than 600,000 Construction Layoffs in March
The Bureau of Labor Statistics Job Openings and Labor Turnover Survey data reveals there were 618,000 layoffs in the construction sector in March, a striking increase over the 202,000 total in February and a 245% jump over the 179,000 count in March 2019. It is expected the count will rise even higher when the BLS releases its April data in June.
Offsite Construction Gaining Interest Among Builders
More builders anticipate transitioning to building systems in the years, based on survey results from Home Innovation Research Labs. Results showed that although there was immediate interest in many building systems components, increased appeal over the next five years provides greater opportunity for growth in certain markets.
Nearly 24,000 Residential Construction Jobs Added in January
Last month, residential construction saw the greatest gain in employment since February 2018, following strong growth in December.
Costly Mistake of Overlooking Your Subflooring’s Tongue-and-Groove Profile
Builders look for a lot of things in their subflooring such as strength, stiffness and moisture resistance. But a secure-fit, tongue-and-groove connection is crucial in helping prevent costly, squeaky-floor callbacks.
Take Pride in Your Safety Program: SAFE Award Submissions Due Oct. 30
These two past winners demonstrated to the industry that they are committed to safety and understand its importance for business success.
