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.
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!
I truly enjoy reading through on this website , it contains excellent posts. “Heavier-than-air flying machines are impossible.” by Lord Kelvin.
I got what you mean ,saved to my bookmarks, very decent internet site.
Woh I enjoy your articles, bookmarked! .
Great article and right to the point. I don’t know if this is in fact the best place to ask but do you people have any ideea where to hire some professional writers? Thanks 🙂
Some truly terrific work on behalf of the owner of this site, utterly great articles.
Hey There. I found your blog using msn. This is a really well written article. I’ll make sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll certainly return.
You are my inspiration , I own few web logs and occasionally run out from to post : (.
I truly appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
Very interesting subject, regards for posting.
There is evidently a bundle to realize about this. I consider you made certain good points in features also.
I’d always want to be update on new blog posts on this website , saved to favorites! .
Thanks for the auspicious writeup. It actually used to be a entertainment account it. Look advanced to more delivered agreeable from you! However, how could we keep up a correspondence?
What i do not realize is if truth be told how you are not actually a lot more well-favored than you might be right now. You are so intelligent. You already know thus significantly on the subject of this subject, produced me personally imagine it from numerous numerous angles. Its like women and men are not interested unless it?¦s something to accomplish with Lady gaga! Your personal stuffs great. All the time care for it up!
It?¦s actually a cool and helpful piece of info. I am happy that you just shared this useful information with us. Please keep us informed like this. Thank you for sharing.
Wow! Thank you! I constantly wanted to write on my website something like that. Can I take a fragment of your post to my site?
Awsome info and right to the point. I am not sure if this is in fact the best place to ask but do you guys have any thoughts on where to hire some professional writers? Thanks in advance 🙂
Great write-up, I am regular visitor of one¦s site, maintain up the nice operate, and It is going to be a regular visitor for a long time.
Hi my friend! I want to say that this post is awesome, nice written and include approximately all significant infos. I’d like to see more posts like this.
Hi! This post couldn’t be written any better! Reading through this post reminds me of my old room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Many thanks for sharing!
This is really fascinating, You are an excessively skilled blogger. I’ve joined your rss feed and look ahead to looking for extra of your wonderful post. Additionally, I’ve shared your site in my social networks!
I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye
Very interesting points you have remarked, appreciate it for putting up.
My brother suggested I might like this website. He was entirely right. This put up actually made my day. You cann’t imagine simply how so much time I had spent for this info! Thank you!
I have been checking out a few of your posts and i can state pretty nice stuff. I will make sure to bookmark your blog.
Heya i am for the first time here. I came across this board and I find It really useful & it helped me out much. I hope to give something back and aid others like you helped me.
I appreciate your work, regards for all the interesting content.
Woah! I’m really digging the template/theme of this website. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between user friendliness and visual appeal. I must say you have done a very good job with this. Additionally, the blog loads super fast for me on Opera. Exceptional Blog!
Hey! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thanks!
I wanted to post a brief remark so as to appreciate you for these fantastic solutions you are sharing on this site. My considerable internet investigation has finally been rewarded with incredibly good concept to exchange with my companions. I would tell you that we website visitors actually are undoubtedly lucky to dwell in a fabulous website with many special individuals with beneficial hints. I feel truly fortunate to have encountered the site and look forward to plenty of more excellent moments reading here. Thanks once more for a lot of things.
You have brought up a very good details, appreciate it for the post.
My brother suggested I might like this website. He was totally right. This post actually made my day. You can not imagine simply how much time I had spent for this info! Thanks!
You really make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!
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’d always want to be update on new posts on this web site, saved to bookmarks! .
I like this website its a master peace ! Glad I observed this on google .
I like this internet site because so much utile material on here : D.
Utterly composed articles, Really enjoyed studying.
Sweet web site, super design and style, rattling clean and use pleasant.
It’s best to participate in a contest for top-of-the-line blogs on the web. I will recommend this site!
I have been reading out a few of your stories and it’s pretty clever stuff. I will definitely bookmark your blog.
Dead written content, Really enjoyed studying.
Hello. excellent job. I did not anticipate this. This is a splendid story. Thanks!
You have brought up a very wonderful points, regards for the post.
I got what you intend,saved to fav, very decent internet site.
Great ?V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your customer to communicate. Excellent task..
I like the efforts you have put in this, thank you for all the great content.
Some really excellent info , Glad I noticed this. “A kiss is a lovely trick designed by nature to stop speech when words become superfluous.” by Ingrid Bergman.
Perfectly written subject matter, Really enjoyed looking at.
I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.