A recent report by Associated Builders and Contractors found that employment in the construction industry rose by 28,000 jobs last month. Construction employment at large rose by 231,000 jobs for a total of 3.1% growth.
Despite increasing costs of capital and rumors of an upcoming recession, contractors continue to be in expansion mode. In addition to growth in the residential sector, nonresidential construction experienced growth in all three subcategories, adding 17,900 positions. Nonresidential specialty trade contractors grew by 10,200 jobs. Average hourly earnings for the construction industry also grew by 5.8% year over year, 1.2% higher than the average growth across all private industries.
These numbers are great news for homeowners and property owners. As other industries experience setbacks brought on by a global pandemic and economic uncertainty, the construction industry remains strong. This means that owners needing quality construction projects like roof repair and replacement can have their needs met in a timely fashion by proven companies like Nakoma.
With over 15 years of experience, Nakoma is your go-to source for all of your roofing needs. Whether you’re needing roof repair of a full roof replacement, we have the skill and expertise to take care of your home.