Home Building Boosts Construction Employment

Now that the housing sector is (finally) contributing to the economy, a natural question is whether employment will be boosted by increased home construction. The chart tells the story.  It  shows the number of workers in residential construction and the number of single family and toal number of homes under construction.  The total number of homes under construction has rebounded faster than single family homes, driven by apartments and rising rents.  The data are in thousands — thousands of workers and thousands of homes.  The difference between the total homes under construction and single family homes is apartment construction.

Employment Rises With Construction

Source: US Bureau of the Census (construction) and US Bureau of Labor Statistics (employment)

 The employment data are from the Bureau of Labor Statistics and the monthly employment report, the homes under construction are from the Bureau of the Census.

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