Residential construction jobs now 7.6% above pre-COVID level
Housing Wire
JUNE 3, 2022
Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6%
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