The following report is from the Trends Journal:
Despite a boom in home remodeling, more than half of U.S. major metro areas lost construction jobs in 2020, the Associated General Contractors of America (AGCA) has reported.
Jobs were lost in 191 of 358 areas or 53%.
Houston, New York City, and Midland, TX lost the most; Indianapolis, northern Virginia, and Seattle added the most jobs in building.
Private non-residential construction declined 10% last year compared to 2019, and government-related building projects have been sliding since March, the AGCA noted.
The new year has begun no better for the building trades.
A dearth of new construction work is forcing more and more contractors to lay off workers once they complete projects started before the pandemic hit.
Ken Simonson. AGCA’s Chief Economist
The building trades lost a net 3,000 jobs in January, bringing the deficit to 256,000 fewer workers than a year ago, the AGCA’s latest report shows.
Home builders have regained all of the jobs lost last year; however, nonresidential construction – mostly commercial and government buildings and infrastructure projects – are still 259,000 jobs short of February 2020’s total.
The construction industry marked a 9.4-percent unemployment rate last month, the AGCA said.
The building trades lost a net 3,000 jobs in January, bringing the deficit to 256,000 fewer workers than a year ago, the AGCA’s latest report shows.
Home builders have regained all of the jobs lost last year; however, nonresidential construction – mostly commercial and government buildings and infrastructure projects – are still 259,000 jobs short of February 2020’s total.
The construction industry marked a 9.4-percent unemployment rate last month, the AGCA said.
TREND FORECAST: We maintain our forecast for continuing residential construction as long as interest rates remain low… and move lower, and the cheap government money continues to artificially prop up the economy. The commercial sector, however, will continue to decline.
AUTHOR COMMENTARY
As the Trends Journal has reported, because people are staying home more they are investing in home repairs and renovations. What we are seeing is a repeat of the events leading up to the Great Recession. Homeowners are using their homes as an ATM and refinancing their homes. House prices are continuing to rise. When the “everything bubble” in the markets pop, it will be an indescribable nightmare.
There are pockets of growth in some areas, and others they continue to suffer. When the markets finally start to correct and the economy goes apocalyptic, home repair and new construction will be the least of things on the masses minds. Pay attention to what unfolds in these avenues. If you are in this field, I suggest you learn and adapt to be flexible with the massive shakeup that is looming around the bend.
[10] And indeed ye do it toward all the brethren which are in all Macedonia: but we beseech you, brethren, that ye increase more and more; [11] And that ye study to be quiet, and to do your own business, and to work with your own hands, as we commanded you; [12] That ye may walk honestly toward them that are without, and that ye may have lack of nothing. 1 Thessalonians 4:10-12
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
Very interesting details you have mentioned, appreciate it for putting up. “I’ve made a couple of mistakes I’d like to do over.” by Jerry Coleman.
I really enjoy studying on this site, it contains great posts. “I have a new philosophy. I’m only going to dread one day at a time.” by Charles M. Schulz.
great points altogether, you simply won a brand new reader. What could you recommend in regards to your put up that you simply made some days ago? Any certain?
I’d have to verify with you here. Which isn’t something I normally do! I get pleasure from studying a submit that will make individuals think. Additionally, thanks for permitting me to comment!
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…
I used to be suggested this web site via my cousin. I’m now not sure whether this post is written by him as no one else recognise such targeted approximately my trouble. You’re wonderful! Thanks!
Heya i’m for the first time here. I found this board and I to find It truly helpful & it helped me out a lot. I am hoping to provide something back and aid others such as you aided me.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
You actually make it appear really easy with your presentation however I find this matter to be really one thing that I feel I might never understand. It sort of feels too complex and extremely huge for me. I am having a look forward to your next put up, I will try to get the hold of it!
I’ve read a few good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to make such a great informative web site.
Hello my friend! I wish to say that this post is awesome, nice written and include almost all important infos. I’d like to see more posts like this.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
I have recently started a website, the info you provide on this website has helped me greatly. Thank you for all of your time & work.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
Thank you, I’ve recently been looking for information about this subject for ages and yours is the greatest I’ve found out so far. But, what concerning the bottom line? Are you certain about the supply?
Sleep Lean is a natural nighttime weight management supplement designed to help you burn fat, improve sleep quality, and balance hormones—all while you rest.
I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this hike.
What’s Happening i am new to this, I stumbled upon this I have found It positively useful and it has aided me out loads. I hope to contribute & assist other users like its aided me. Great job.
Many men who have tried the blue salt trick report increased stamina, better performance, and a renewed sense of confidence.
The ice water hack is a simple trick that involves using cold water to naturally activate your body’s thermogenic process. When you drink ice water, your body has to work harder to regulate its temperature, burning extra calories in the process.
You are my breathing in, I possess few web logs and often run out from brand :). “He who controls the past commands the future. He who commands the future conquers the past.” by George Orwell.
I genuinely enjoy reading on this website , it contains wonderful content. “The secret of eternal youth is arrested development.” by Alice Roosevelt Longworth.
I got what you mean ,saved to bookmarks, very nice site.
Together with the whole thing that appears to be developing within this particular subject material, a significant percentage of viewpoints tend to be fairly radical. Having said that, I beg your pardon, because I can not give credence to your whole strategy, all be it stimulating none the less. It seems to me that your comments are not totally rationalized and in fact you are generally yourself not even wholly confident of your assertion. In any event I did enjoy reading through it.
I have been exploring for a little bit for any high-quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this site. Reading this information So i’m happy to convey that I’ve a very good uncanny feeling I discovered just what I needed. I most certainly will make certain to do not forget this web site and give it a look regularly.
LottoChamp is a specialized lottery prediction software designed to give players a statistical edge. Instead of relying on luck or random numbers, the platform uses mathematical algorithms and historical draw data to help users make more strategic number selections.
I was suggested this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my trouble. You’re amazing! Thanks!
I do not even know the way I stopped up here, however I assumed this submit used to be great. I do not recognize who you are but certainly you’re going to a well-known blogger if you aren’t already 😉 Cheers!
Tired of Tinnitus or Hearing Problems? Here’s a Natural Solution That’s Changing Lives Are you constantly bothered by ringing in the ears (tinnitus), hearing difficulties, or sound clarity issues?
I have recently started a site, the information you provide on this site has helped me greatly. Thanks for all of your time & work.
Oh my goodness! an amazing article dude. Thanks However I am experiencing subject with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting equivalent rss downside? Anyone who is aware of kindly respond. Thnkx
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
Thanks for another excellent post. Where else could anyone get that type of information in such a perfect way of writing? I’ve a presentation next week, and I’m on the look for such info.
Just desire to say your article is as astonishing. The clarity in your post is just excellent and i can assume you are an expert on this subject. Well with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please keep up the gratifying work.
Merely wanna comment that you have a very nice web site, I like the design and style it really stands out.
I really appreciate this post. I¦ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again
Whats Going down i am new to this, I stumbled upon this I’ve discovered It absolutely useful and it has aided me out loads. I hope to contribute & assist other customers like its helped me. Good job.
Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and all. Nevertheless just imagine if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with images and videos, this site could undeniably be one of the greatest in its niche. Superb blog!
Well I definitely enjoyed reading it. This tip provided by you is very helpful for proper planning.
As I website owner I think the content here is really excellent, regards for your efforts.
As soon as I noticed this website I went on reddit to share some of the love with them.
Only wanna remark on few general things, The website style and design is perfect, the content material is really excellent. “The enemy is anybody who’s going to get you killed, no matter which side he’s on.” by Joseph Heller.
I am not really fantastic with English but I get hold this real easygoing to read .
I’ve read a few good stuff here. Definitely value bookmarking for revisiting. I wonder how a lot effort you place to create this type of great informative site.
You are my intake, I own few blogs and infrequently run out from to brand.
I have been absent for a while, but now I remember why I used to love this web site. Thank you, I will try and check back more frequently. How frequently you update your site?
Good day very cool website!! Man .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds additionallyKI’m glad to seek out a lot of helpful info right here within the publish, we want work out extra strategies on this regard, thank you for sharing. . . . . .
Enjoyed studying this, very good stuff, appreciate it. “Success doesn’t come to you…you go to it.” by Marva Collins.
Thanks for your marvelous posting! I certainly enjoyed reading it, you’re a great author.I will make certain to bookmark your blog and may come back in the foreseeable future. I want to encourage you to continue your great job, have a nice day!
Useful info. Lucky me I found your website unintentionally, and I am shocked why this twist of fate didn’t happened earlier! I bookmarked it.