During the Great Recession and the following financial meltdown, the construction industry took a hit. With demand for all classes of real estate faltering, this sector experienced many layoffs.
The good news is that the sector is starting to come back. The challenge is that the results are mixed.
A new analysis from the Association of General Contractors noted that, between October 2012 and October 2013, construction employment expanded in 215 metro areas, declined in 74 and was stagnant in 50. Furthermore, despite a recovering single-family market and increasing multifamily development in many metro areas around the country, construction employment remains below peak levels in 315 metro areas.
Read more...Increases, Though Slight, In Construction Employment