Since 2012, the residential building construction industry has undergone wage growth of a more rapid rate compared to the average for all industries. Average annual pay grew by about 5 percent in 2014 and 2015 while the national average for all industries rose about 3 percent a year during that same period, NAHB’s Eye on Housing reports.
Overall, the average annual pay in residential building construction in 2015 was $50,806, a 19 percent increase from 2010, when wages were at their lowest level after the great Recession.
On a state-by-state basis, wages have grown most in Texas, Georgia, North Carolina, and North Dakota, each experiencing an increase of over 30 percent from 2010 to 2015. Meanwhile, Illinois and New Mexico have had the slowest growth of less than 10 percent between 2010 and 2015.
For the full reports and to view accompanying charts and infographics, click the link below.