Residential construction worker wages are growing at a 5% annual pace, almost double the 2.9% pace of wage growth for all workers, according to recent research from Zillow. Wages for construction workers have skyrocketed since the start of last year, quickly outpacing the steady wage growth for all workers over the same time period. In fact, in March, U.S. residential construction wage nationwide was about 13.7% above the average private-sector wage.
ZillowFor the overall construction industry, at the start of 2017, wages for construction workers was growing slightly slower than wages for all workers - around 2.5% per year. However, construction worker wages are now growing 3.8% per year.