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10-year Treasury hits highest level since 2007

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

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Despite Recent Gains in Construction Activity, the US Housing Shortage Persists

The Pro Builder

the most homes built annually since 2007. In 2022, 1.4 million homes were constructed across the U.S.—the Despite this, the U.S. housing shortage has only gotten worse over the last few years. According to research from housing market platform Zillow, the U.S. was short 4.5 million homes in 2022, up from 4.3 million the prior year.

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New Initiatives Aim to Grow the Construction Industry Workforce

The Pro Builder

Despite the construction industry's overall employment levels rebounding to near-2007 figures, the number of skilled trade workers remains 11% lower than in 2007, and 2% lower than pre-pandemic levels, according to data from the Joint Center For Housing Studies of Harvard University.

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Recruiter warns that construction skills shortages are about to get worse

The Construction Index

A construction and engineering recruitment specialist says that an imminent skills shortage will “make 2007’s war for talent look like a water fight” Read Full Article: The Construction Index

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Severfield chief operations boss to exit

Construction Enquirer

. “Ian has been a member of the board of directors of the company since 2013 and has been with the group since 2007. ” Cochrane joined Severfield in 2007, following the acquisition of Fisher Engineering.

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Construction sees best month of job growth since March 2007

Construction Dive

Construction accounted for one-fifth of net new job creation in the U.S. last month.

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Economists Say a Housing Market Crash Is Unlikely in the Near Future

The Pro Builder

Between 2005 and 2007, the U.S. housing market experienced a significant boom before home values plummeted, leading to severe economic repercussions.

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