Construction job shortage eases up but isn’t healing fast enough

Open jobs fell to 154,000, report claims

Jul.July 12, 2017 11:15 AM

(Credit: Getty Images)

The shortage in construction labor across the country is starting to ease up, but the number of job openings still remains near historic levels.

The number of available construction jobs in the United States fell to 154,000 in May, down from 238,000 in July 2016, the Wall Street Journal reported. Still, hiring isn’t expanding fast enough, Robert Dietz, chief economist at the National Association of Home Builders, told the Journal.

The slight decline in job openings could be a sign that employers are finding it marginally easier to find workers. But it could also be an indication that developers are putting projects on hold due to fear of over-saturating the multifamily construction market.

Last month, the Journal reported on a survey that found that more than one-third of contractors said they’ve had to turn work down to keep up with project volume. In New York City, the average number of construction workers soared to 146,200 last year, marking the first time employment in the city has exceeded 140,000 in at least four decades. Still, other reports have indicated that the skilled construction labor force is “overstretched.”  [WSJ] — Kathryn Brenzel 

Related Articles

133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

Paul Capurso (Credit: Facebook)

NYC carpenters union elects new president following 2 resignations

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

DOB Commissioner Melanie La Rocca (inset) (Credit: iStock)

After façade deaths, city considers using drones for building inspections

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Diana Florence (inset) and Cy Vance (Credit: Getty Images, Cornell)

Prosecutor quits after revelations in construction bribery cases

Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

Central Park Tower

Lendlease disputes city’s penalty in 2018 death at Central Park Tower