Five-Year High for Open Positions in the Construction Industry

The number of open, unfilled positions in the construction industry reached a five-year high in June, which is consistent with reports of some labor shortages for builders. The number of unfilled positions in the sector climbed to 133,000 from 102,000 in May, and home builders have listed filling open positions with qualified workers as their top concern in 2013.

The monthly employment data for July 2013 pulled from the Bureau of Labor Statistics (BLS) indicates that total employment in home building stands at 2.137 million, broken down as 584,000 builders and 1.553 million residential specialty trade contractors. BLS data shows that the home building sector has added 89,000 jobs over the last 12 months. The hiring rate has been in the 3.1 percent to 3.4 percent range since January 2011.

Expected increases in building should lead to further growth in residential construction employment over the course of the year. Thus far in 2013, home building employment is averaging monthly growth of about 9,000 positions.

More information about the BLS or the National Association of Home Builders (NAHB) can be found here