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From Home Furnishing Business

Fast Fact: Construction Labor Grows an Annual Average of 5% Since 2012

A decade after the Great Recession, housing starts are failing to keep up with demand, according to data from the U.S. Census Bureau’s Department of Housing and Urban Development.

The rebound of residential construction continues to be slow well past the recession recovery.

The number of residential construction workers fell 21.7% in 2009 and did not begin showing positive growth (2.8 %) until 2012. While growth in construction labor has not been robust, there has been consistent increases each year since 2012 – growing an average of 5% each year from 2012 to 2019 May YTD. 

For a closer look at the numbers, click here.

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