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Starved of Credit, Construction Suppliers Lag Housing Rebound U.S. homebuilders have booked higher orders for seven consecutive quarters, but a shortage of building supplies means construction is lagging demand. A wider housing market recovery has yet to filter down to regional building products makers — the companies that supply the roofing, walls and interior fittings needed to build these new homes. They are operating in a much tighter credit market, and with workforces pruned during the recession triggered by the housing market crash in 2007. Analysts say the long road to recovery has already been priced into the shares of these companies, some of which could be overpriced having ridden the coat-tails of the wider housing market rebound. Read more |
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| CONSTRUCTION OUTLOOK |
| Where Are Those "Recovering Economy" Construction Jobs Hiding? The recession was a job killer. It began 5 1/2 years ago and the economy started recovering about four years ago. The darkness or brightness of the employment numbers depends on which type of jobs you look at, according to an article and infographic at NPR. Read more |
| Construction Industry Creates Local Content and Job Creation For the construction industry to meet the housing needs of Ghanaians (both in quantity and modernity), to stimulate light manufacturing of building accessories, and to be a catalyst for job-creation, what Ghana needs is non-partisan, comprehensive and far-sighted public policy on construction and the economy. Read more |
| Where the Jobs Are (and Where They Are Not), in One Graph Construction is the big sector that really got wallopped. This isn't surprising, given that the recession followed a massive real estate bubble that triggered an unsustainable building boom. Still, it's worth noting that even now, with the housing sector coming back to life and adding jobs again, there are nearly a million fewer construction jobs than there were a decade ago. Read more |
| Construction and Technology Are Bright Spots for California's Economy Construction jobs were showing healthy gains as more apartment-building projects and single-family homes were being built. As of May, there were 114,000 people in Los Angeles County working in construction, compared with 100,000 the same time last year. That is still down from the peak of 157,600 jobs in 2007. Read more |
| Construction Drives Kiwi Job Numbers Up The New Zealand employment market is fizzing again with the number of vacancies advertised in the quarter to June up 11 percent on a year ago, according to an analysis of almost 50,000 roles listed. Auckland's resurgent market was underpinned by strong activity in the construction sector with employers chasing builders and carpenters in particular, with advertised roles up 149 percent. Read more |
| $1.1 Million Department of Labor Grant Renews Tacoma Goodwill's YouthBuild Program Tacoma Goodwill has been selected by the U.S. Dept. of Labor as one of 68 job training and placement programs nationwide to receive multi-year funding for the "YouthBuild" construction trade and career path program. The $1.1 million DOL grant covers operations through June 2016, providing 66 at-risk youth per year with trade and life skills necessary for economic self-sufficiency. Read more |
| Industry Leaders Say Thousands of North-East Construction Jobs at Risk Thousands of North-East construction jobs could be at risk unless the government gives companies a fairer chance to win public sector work, industry leaders have warned. The warning comes after a National Federation of Builders study revealed about 40 percent of small and medium-sized construction firms are failing to win 90 percent of public sector contracts. Read more |
| The Employment Situation for June – Food for Thought Total payrolls expanded by 195,000, with the private sector adding 202,000 and government subtracting 7,000. The previous two months were revised up by a total of 70,000. Homebuilding payrolls expanded by 5,200. The unemployment rate was unchanged at 7.6 percent. The labor force expanded by 177,000 and the number of persons employ grew by 160,000. Read more |
| U.S. Construction Jobs Highest Since 2008 The number of unemployed workers with construction experience has fallen to low enough levels that firms in a growing number of locations and segments are having trouble finding people with the needed skills. Contractors have filled the gap so far by adding to workers hours but this solution may be reaching its limit. Read more |
| AFL-CIO Housing Investment Trust Support for Green Jobs Passes $1 Billion The AFL-CIO Housing Investment Trust announced that it has invested more than $1 billion to date in environmentally sustainable development and energy-saving rehabilitation work through its Green Jobs Initiative. Investments by the HIT and its subsidiary, Building America CDE, have generated over 13,600 jobs for union construction workers while helping to make the environment cleaner, healthier, and more resource-efficient. Read more |
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