Construction jobs on the rise as industry takes off
July 20, 2012
It may be a slow climb, but at least it's holding steady. In an industry that's seen nothing but rolling waves of improvement and decline, residential contractors are seeing a consistent upward bent in the number of new home projects last month, according to a press release, a trend that's been steady for the last few months now.
The Commerce Department stated that the June construction report was 7 percent higher than that recorded in May. That month had seen the highest level of jobs since 2008 according to Proformative, a sign that the private housing market may finally be returning to its previous strength. Multi-housing units, a sector that had in previous months suffered, were also up by nearly 20 percent. Numbers are much higher in certain parts of the nation where the economy has already seen the most recovery, according to a press release.
"[The high number of permits] suggests that the momentum in building activity observed in recent months should carry forward," said TD Bank's Martin Schwerdtfeger in an interview with ABC News. New permits don't always mean new projects, but the underlying message is that construction companies are feeling more optimistic about receiving new project requests.