LoginThe residential construction industry grew in 2012, and some experts are anticipating continued expansion as the U.S. economy recovers from the recession of the late 2000s. According to Forbes, construction sector data showed that the number of new residential and non-residential projects increased 6 percent last year, and this figure is expected to rise 7 percent in 2013.
U.S. property builders could positively impact construction professionals around the country. As more Americans pursue their dreams of homeownership, residential property contractors could seek skilled personnel who can help their companies quickly develop quality, world-class houses in short periods of time.
Recent statistics also showed that construction employment reached a three-year high in January 2013. Construction Equipment Guide notes that U.S. firms employed 5.731 million construction professionals last month – a 1.8 percent year-over-year increase. Additionally, residential construction companies added 14,500 jobs in January, and the segment posted a 2.6 percent rise in employment over the past 12 months.
Ken Simonson, chief economist for the Associated General Contractors of America, stated that he expects significant increases in residential construction employment in the near future.
"The steady rise in construction spending since last March suggests contractors will be hiring even more workers in the months ahead," Simonson told the news source.
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