Home Builders Are Hiring in Large Numbers

Home builders are hiring according to the Job Openings and Labor Turnover Survey (JOLTS) by BLS and the National Association of Home Builder’s analysis.  Construction jobs are being offered at a rapid rate because of the increase in the production of new, inventory homes for sale.  The number of building permits that were acquired and not used rose above 4% because of the lack of labor for builders to use to build the new homes that they had planned.  The construction industry saw an 11.6% increase in available construction jobs from October to November.  This number is actually surprising for construction employment because of the slowdown of the real estate industry in the last two months of the year – November and December.  To see such an uptick in available jobs is truly an indication that the housing market has been on an upward slide and seems to be picking up speed.

In the big picture, construction jobs accounted for almost 2% of all available employment in the United States. The good news is that with the available construction jobs comes a steep increase in hiring and employment “movement.”  Employer hiring of construction labor increased 5.1% from October to November, and employees quitting to look for better employment went up by 2% as well. In a healthy construction employment market, the movement of workers in an upward salary fashion is encouraging to the overall economy as construction employees start to get higher salaries and are able to put that money back into the economy.

At Bedico Creek Preserve, a masterplanned community in St. Tammany Parish, we have 16 builders in our Conservation Community that are all building new homes for sale on lots that have been purchased in our 9 Neighborhoods available for sale.  The construction that is going on in our community is phenomenal, and in order to keep our existing homeowners in a “livable” state, we take great care to monitor jobsites, construction equipment, and trucks going in and out of our subdivision.
If you are interested in buying your own lot and hiring a builder or contractor to construct your new home, you will want to contact our Lot Specialist, Scott Waltemath, to take a tour of lots within your price range or lot size.  Contact Bedico Creek Today to Set Up Your Appointment to View Our Lots for Sale. Call 985-845-4200 or E-mail Info@LiveBedico.com.

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Available Construction Jobs on the Rise

Well over half a million builders are getting ramped up with the renewal of the real estate market nationwide and are very much now hiring employees as the number of open construction jobs increased in May.  In fact, the number of available construction jobs in the United States has been on the rise since 2012 along with the constant increase of new home sales and new home inventory.  May’s employment increase logged in as one of the 4 highest months of increases since 2012.

Almost 1.8 million contractors, sub-contractors, and trade companies also made up the number of businesses employed in the home building / remodeling categories of the total U.S. employment in June, 2015, bringing the total number of construction employed jobs to 2.442 million.  Now that new homes are being built on lots developed for sale in more and more numbers, the construction industry has gained almost a half a million jobs since the low point of the Great Recession.

In 2015 alone, approximately 127,000 jobs have been added in the U.S. nationwide.  In fact, since hitting the ceiling during 2010, the unemployment rate for builders and construction has dropped from 22% unemployed to 7% slightly higher than the national unemployment rate.  In fact, many builders are facing a shortage in employees as they try to build new homes for the buyer demand as quickly as possible in new home communities that once stood dormant during the Recession.  This increase in demand for construction employment has only been a boon for the real estate industry’s recovery overall.

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