The number of open construction sector jobs, on a seasonally adjusted basis, reached a nine-month high in June.
According to NAHB, there were 225,000 open construction jobs that month, up from 171,000 in June 2016. The open position rate rose to 3.2 percent, or 2.7 percent on a 12-month moving average basis. The construction sector hiring rate increased to 5.3 percent.
Home builders and remodelers added 118,00 jobs over the last 12 months, and industry employment has increased by more than 717,000 since the low point after the Great Recession.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds that beach homes are the most sought-after vacation-home type, and the investment potential of a second home is an important factor in homebuyers' purchasing decisions
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable