Posted To: MND NewsWire

Last Friday’s January Employment Situation report from the Bureau of Labor Statistics was a good one; total payroll employment increased by 225,000, but probably no one was happier about it than the National Association of Home Builders (NAHB). The report was an excellent one when it comes to hopes for resolving one of the constraints NAHB seems as hurting its members; a shortage of construction workers. Residential construction employment rose by 20,200 in January . According to Jing Fu, writing in NAHB’s Eye on Housing blog, this was the largest gain in the last 12 months. The total January increase in construction jobs, residential and nonresidential was 44,000. The number of residential specialty trade contractors increased by 17,800 in January. This represented most of the gain in residential…(read more)

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Source: Mortgage News Daily