“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.”

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.

This video explains some of what is occurring in commercial and residential housing markets. This channel endorses buying gold and silver, but The WinePress has an article explaining why this is an unwise decision.
[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.

CLICK TO DONATE

1,051 Comments

  • Pretty section of content. I simply stumbled upon your weblog and in accession capital to claim that I acquire in fact loved account your weblog posts. Any way I will be subscribing in your augment or even I achievement you access persistently quickly.

  • Woah! I’m really enjoying the template/theme of this blog. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between usability and visual appeal. I must say you have done a excellent job with this. In addition, the blog loads extremely quick for me on Opera. Outstanding Blog!

  • It’s really a great and helpful piece of information. I’m satisfied that you shared this helpful information with us. Please stay us up to date like this. Thanks for sharing.

  • Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

  • Excellent goods from you, man. I have bear in mind your stuff previous to and you’re simply too fantastic. I really like what you’ve acquired here, really like what you’re saying and the way in which in which you are saying it. You make it enjoyable and you continue to care for to stay it wise. I can not wait to read much more from you. This is actually a wonderful web site.

  • Excellent read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch since I found it for him smile So let me rephrase that: Thank you for lunch!

  • I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  • But wanna input on few general things, The website style and design is perfect, the written content is real wonderful. “By following the concept of ‘one country, two systems,’ you don’t swallow me up nor I you.” by Deng Xiaoping.

  • We are a group of volunteers and opening a new scheme in our community. Your web site provided us with valuable information to work on. You’ve done a formidable job and our entire community will be grateful to you.

  • I simply could not go away your web site before suggesting that I actually enjoyed the usual information a person provide on your visitors? Is gonna be back incessantly in order to check out new posts

  • What i do not realize is in fact how you’re not actually a lot more well-favored than you might be right now. You are so intelligent. You know thus significantly when it comes to this matter, made me personally believe it from so many various angles. Its like women and men don’t seem to be fascinated until it is one thing to accomplish with Girl gaga! Your individual stuffs outstanding. All the time deal with it up!

  • Appreciating the time and energy you put into your website and detailed information you provide. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed material. Excellent read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  • fantastic points altogether, you simply gained a brand new reader. What would you suggest in regards to your post that you made a few days ago? Any positive?

  • Hi there, I discovered your site via Google even as looking for a related subject, your web site came up, it appears to be like great. I’ve bookmarked it in my google bookmarks.

  • Magnificent site. A lot of useful information here. I’m sending it to some friends ans also sharing in delicious. And naturally, thanks for your effort!

  • Hi there! I could have sworn I’ve been to this website before but after reading through some of the post I realized it’s new to me. Anyhow, I’m definitely happy I found it and I’ll be book-marking and checking back often!

  • I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100 sure. Any tips or advice would be greatly appreciated. Appreciate it

  • Hello! I’m at work surfing around your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Keep up the excellent work!

  • Appreciating the persistence you put into your blog and detailed information you present. It’s great to come across a blog every once in a while that isn’t the same old rehashed material. Great read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  • It’s in point of fact a great and helpful piece of info. I am happy that you just shared this helpful information with us. Please stay us up to date like this. Thank you for sharing.

  • Have you ever thought about creating an ebook or guest authoring on other sites? I have a blog based upon on the same ideas you discuss and would really like to have you share some stories/information. I know my subscribers would enjoy your work. If you’re even remotely interested, feel free to send me an email.

  • A person necessarily assist to make critically posts I might state. That is the first time I frequented your web page and to this point? I amazed with the research you made to make this actual put up amazing. Fantastic activity!

  • The crux of your writing while sounding reasonable in the beginning, did not sit properly with me personally after some time. Someplace within the sentences you actually managed to make me a believer unfortunately only for a short while. I still have a problem with your leaps in logic and you might do well to fill in those gaps. When you can accomplish that, I would undoubtedly be amazed.

  • What i do not understood is in truth how you are not actually much more smartly-favored than you may be now. You’re so intelligent. You already know thus considerably with regards to this matter, made me in my opinion believe it from numerous various angles. Its like women and men aren’t involved until it’s one thing to accomplish with Girl gaga! Your personal stuffs great. At all times take care of it up!

  • I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

Leave a Comment