Thirty nine states added construction jobs in February, indicating demand for commercial and residential real estate is still strong.
Forty-three states added construction jobs between February 2016 and this February, while 39 states added construction jobs during February of this year, according to the Associated General Contractors of America, crunching U.S. Department of Labor data released Monday. That’s a mark that demand for commercial and residential real estate is still strong, with developers and lenders willing to go ahead with construction.
Even so, association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels. But not all: Five states reached new highs for construction employment this year, including Louisiana, Massachusetts, New York, South Dakota and Texas.Forty-three states added construction jobs between February 2016 and this February, while 39 states added construction jobs during February of this year, according to the Associated General Contractors of America, crunching U.S. Department of Labor data released Monday. That’s a mark that demand for commercial and residential real estate is still strong, with developers and lenders willing to go ahead with construction.
Even so, association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels. But not all: Five states reached new highs for construction employment this year, including Louisiana, Massachusetts, New York, South Dakota and Texas.
