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.
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
Someone necessarily help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I amazed with the research you made to create this particular put up amazing. Great task!
Thank you for your whole effort on this blog. My aunt really likes carrying out internet research and it’s really easy to understand why. A number of us know all regarding the compelling manner you render important guidance by means of your blog and encourage response from others on the area so our daughter is being taught a lot of things. Have fun with the remaining portion of the new year. You are always performing a terrific job.
Hi there this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be greatly appreciated!
Fantastic goods from you, man. I have understand your stuff previous to and you are just extremely great. I actually like what you’ve acquired here, certainly like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it wise. I cant wait to read much more from you. This is actually a tremendous site.
Hiya, I am really glad I’ve found this information. Today bloggers publish just about gossips and internet and this is actually irritating. A good site with interesting content, this is what I need. Thanks for keeping this website, I’ll be visiting it. Do you do newsletters? Can’t find it.
Thank you for sharing excellent informations. Your website is very cool. I am impressed by the details that you’ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched everywhere and simply couldn’t come across. What a great web-site.
I have recently started a site, the information you offer on this website has helped me greatly. Thanks for all of your time & work.
Great, I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info 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, website theme . a tones way for your client to communicate. Excellent task.
I was curious if you ever considered changing the structure of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images. Maybe you could space it out better?
That is the suitable blog for anyone who wants to search out out about this topic. You notice so much its nearly hard to argue with you (not that I really would need…HaHa). You positively put a new spin on a topic thats been written about for years. Great stuff, just nice!
It’s really a cool and useful piece of info. I’m happy that you just shared this useful info with us. Please stay us informed like this. Thank you for sharing.
Excellent items from you, man. I’ve have in mind your stuff prior to and you’re just extremely excellent. I really like what you have got here, really like what you are stating and the way in which during which you assert it. You’re making it entertaining and you continue to care for to keep it smart. I can not wait to read far more from you. This is actually a wonderful web site.
Hi! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My web site looks weird when viewing from my iphone4. I’m trying to find a theme or plugin that might be able to fix this problem. If you have any recommendations, please share. With thanks!
I precisely wished to thank you so much once more. I am not sure the things I would’ve undertaken in the absence of the type of creative concepts contributed by you directly on that field. It had been a troublesome circumstance in my view, nevertheless taking a look at the specialised manner you managed it took me to jump for gladness. Extremely grateful for this advice and wish you find out what an amazing job you happen to be accomplishing educating others using your web blog. Most likely you’ve never met all of us.
It’s perfect time to make a few plans for the long run and it’s time to be happy. I’ve read this publish and if I may just I wish to suggest you few interesting issues or suggestions. Perhaps you can write next articles referring to this article. I desire to read even more things about it!
Rattling great info can be found on weblog. “I don’t know what will be used in the next world war, but the 4th will be fought with stones.” by Albert Einstein.
he blog was how do i say it… relevant, finally something that helped me. Thanks
Howdy very cool web site!! Man .. Excellent .. Wonderful .. I will bookmark your website and take the feeds additionallyKI’m satisfied to find so many helpful info right here within the post, we want work out extra techniques in this regard, thank you for sharing. . . . . .
It’s really a nice and helpful piece of information. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thank you for sharing.