With demand for new homes on the rise, construction employment is expected to grow by 500,000 jobs this year and 700,000 jobs in 2015, according to Bloomberg News.
Better yet, according to the National Association of Homebuilders, for each single-family home that is built, three construction jobs are created. This year alone, Moody Analytics forecasts that the higher demand for housing will lead to the construction of nearly 1.2 million homes.
“The construction industry has a multiplier effect,” says Harrison Barnes, CEO of jobs website ConstructionCrossing.com. “It also creates jobs in related industries, and we are counting on that to result in even more job openings.”
The upswing in demand can directly be attributed to the tightening of the construction market a few years ago, ConstructionCrossing.com finds.
Many construction workers found themselves without employment or changed careers because of the little job availability during the recession, but as the housing demand is growing, employers are ready to make up for those lost jobs.
Just in mid-April, ConstructionCrossing.com has identified 8,130 construction job openings, and it has seen a growing number of available jobs in the industry, the company reports.
About the Author
Lon is the former publisher of the Colorado Springs Business Journal and Colorado Springs Military Newspaper Group.He has served in leadership roles at various newspapers in Iowa, Florida and Wisconsin. Lon received his Bachelor of Arts in Communications from the University of Wisconsin, Eau Claire and attended the Kellogg Graduate School of Management at Northwestern University. Earlier in his career, Lon spent several years as a sea captain and held a 100-ton Coast Guard license. Lon is a former rugby player, referee and administrator and now coaches under 13 year old kids. Lon has served on the boards of numerous community and business organizations including Colorado Springs Leadership Institute, Peak Venture Group, CS Quality of Life Indicators Business Index Committee, Junior Achievement and is a member of The Colorado Thirty Group. Lon was given the “Making the Pikes Peak region a better place to live work and play” award by the CS Chamber of Commerce, was the VFW Post 1’s business citizen of the year.