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Construction employment increases in 39 states between august 2023 and august 2024 

Construction employment increased in 39 states in August from a year earlier, while 27 states and the District of Columbia added construction jobs between July and August, according to a new analysis of federal employment data released by the Associated General Contractors of America today. Association officials said that tight labor market conditions are making it hard for firms to find enough workers to hire. “Construction employment keeps growing in most states despite month-to-month fluctuations,” said Ken Simonson, the association’s chief economist. “But contractors everywhere are reporting difficulty filling a wide variety of positions.” He noted that 94 percent of contractors reported having a hard time finding workers to hire in a survey the association and Arcoro released last month. Between August 2023 and August 2024, 39 states added construction jobs, 10 states and D.C. shed jobs, and employment was unchanged in Georgia. Texas added the most construction employees (36,600 jobs or 4.4 percent), followed by Florida (36,200 jobs, 5.7 percent), Michigan (15,100 jobs, 7.9 percent), and Nevada (12,700 jobs, 11.2 percent). Alaska had the largest percentage gain over 12 months (17.8 percent, 3,100 jobs), followed by Hawaii (12.4 percent, 4,700 jobs), Nevada, and Montana (10.1 percent, 3,700 jobs). Maryland lost the most construction jobs during the past 12 months (-4,800 jobs, -3.0 percent), followed by New York (-4,700 jobs, -1.2 percent), Oregon (-2,400 jobs, -2.1 percent), Colorado (-2,400 jobs, -1.3 percent), and Minnesota (-2,000 jobs, -1.5 percent). The largest percentage loss was in Maine (-4.7 percent, -1,600 jobs), followed by Vermont (-3.1 percent, -500 jobs), Maryland, D.C. (-2.7 percent, -400 jobs), and Oregon. For the month, industry employment increased in 27 states and D.C., declined in 20 states, and was unchanged in Alaska, Kansas, and Maine. Texas added the most jobs (8,300 jobs or 1.0 percent), followed by Virginia (2,300 jobs, 1.0 percent), Wisconsin (2,300 jobs, 1.6 percent), and Illinois (2,200 jobs, 0.9 percent). Wyoming had the largest percentage gain (2.3 percent, 500 jobs), followed by West Virginia (1.8 percent, 600 jobs), Wisconsin, and Montana (1.5 percent, 600 jobs). California lost the most construction jobs from July to August (-3,300 jobs or -0.4 percent), followed by Tennessee (-2,500 jobs, -1.6 percent), New Jersey (-1,600 jobs, -1.0 percent), and Minnesota (-900 jobs, -0.7 percent). Tennessee lost the highest percentage of jobs for the month (-1.6 percent, -2,500 jobs), followed by New Mexico (-1.1 percent, -600 jobs), New Jersey, and Rhode Island (-0.9 percent, -200 jobs). Association officials urged Congress to boost funding for construction workforce training and education programs to help address workforce shortages that are likely undermining employment growth in the sector. The two best opportunities for Congress to boost funding are in the reauthorization of the Workforce Innovation and Opportunity Act that funds workforce training programs and the Carl. D. Perkins Technical Career and Technical Education Act that funds in-school career and technical education programs. “Exposing more people to construction as a career opportunity will boost employment in many parts of the country,” Jeffrey D. Shoaf, the association’s chief executive officer, said. “Boosting funding for construction education and training will put more people into high-paying construction careers.”

Construction firms add 34,000 jobs in August with gains in all subsectors as industry unemployment rate hits record august low of 3.2 percent 

The construction sector added 34,000 jobs in August while the industry’s unemployment rate fell to 3.2 percent, the lowest August rate in the 25-year history of the data, according to an analysis of new government data the Associated General Contractors of America. Association officials noted that the unemployment rate and the results of a recently released workforce survey conducted by the association and Arcoro indicate that firms would likely have hired more workers if only they could find qualified people.  “Construction job growth was the strongest in five months in August,” said Ken Simonson, the association’s chief economist. “But the record-low unemployment rate for jobseekers with construction experience shows how much difficulty contractors face in finding qualified workers.”  Construction employment in August totaled 8,280,000, seasonally adjusted, an increase of 34,000 from July. The sector has added 228,000 jobs or 2.8 percent during the past 12 months, nearly double the 1.5 percent increase for total nonfarm employment.  All types of construction firms added employees in August. Nonresidential construction firms added 28,300 employees, including 800 at building firms, 14,000 at specialty trade contractors, and 13,500 at heavy and civil engineering construction firms. Employment at residential firms rose by 5,600, including 4,800 at builders and 800 at specialty trade contractors.  Average hourly earnings for production and nonsupervisory employees in construction—covering most onsite craft workers as well as many office workers—climbed by 3.8 percent over the year to $35.81 per hour. Overall private sector pay for production workers rose 4.1 percent, to $30.27. That difference in hourly pay constituted a wage “premium” of just over 18 percent compared to the overall private sector.  The unemployment rate among jobseekers with construction experience was 3.2 percent in August, the lowest August rate in the history of the series. Simonson remarked that this is another indication of steady demand for construction.  Association officials noted that the new employment data tracks with the results of a workforce survey the association and Arcoro released at the end of August. That survey found most contractors plan to add to their headcount, but 94 percent of firms that are hiring report having difficulty finding qualified workers to hire. The association urged federal officials to boost funding for construction education and training programs and to allow more people to lawfully enter the country to work in the industry.  “The jobs numbers would have been higher today if more firms could find qualified people to hire,” said Jeffrey D. Shoaf, the association’s chief executive officer. “Instead of boosting payrolls even further, contractors in many parts of the country are having to pass on bidding projects because there aren’t enough people to keep pace with demand.”

The Miller-Hogue Law Firm, P.C.: Pioneering Women-Owned Real Estate Law

Founded in 2002 by Janeen Miller Hogue at the age of 31, The Miller-Hogue Law Firm, P.C. stands as a testament to female entrepreneurship in the legal sector. As the youngest woman-owned and longest-running solo real estate law firm in Charlotte, it has carved a unique niche in a traditionally male-dominated field. Now in its 22nd year of operation, the firm has consistently achieved annual revenues of $1 million, demonstrating its stability and success in a competitive market. With a team of three, led by Owner/President Janeen Miller Hogue, the firm embodies the spirit of efficient, focused legal practice. Janeen's journey is inspired by a lineage of enterprising women. Her grandmother, with a 7th-grade education, supported her family through the Great Depression by running a basement store. Her mother, despite not attending college, successfully operated a real estate brokerage for decades. This heritage fuels Janeen's belief that owning a business is "boundless and empowering." The firm's success is particularly noteworthy given the challenges of the real estate industry, dominated by large, established law firms. Janeen has skillfully balanced her professional achievements with her roles as a wife, mother to two young boys, and daughter to aging parents. Community engagement is a cornerstone of the firm's ethos. Janeen actively supports women through internship programs like UCREW and CPCC Paralegal Program. She contributes to various organizations, including Self-Help Community Development Corporation and Crossroads Corporation for Affordable Housing and Community Development. Her involvement extends to the Women's Impact Fund and CREW Charlotte, where she serves on the Board of Directors and Executive Team. Janeen's accomplishments have garnered numerous accolades, including being named one of the 50 Most Influential Women by The Mecklenburg Times, a Woman Extraordinaire by Business Leader Magazine, and a Most Admired CEO by The Charlotte Business Journal. She's also been recognized in the Legal Elite by Business North Carolina Magazine and as a Leader in the Law by North Carolina Lawyer's Weekly. The Miller-Hogue Law Firm, P.C. stands as a beacon of excellence in real estate law, proving that dedication, expertise, and a commitment to community can lead to sustained success in a challenging industry.

Strata Project Management Group

Founded in 2021, Strata Project Management Group has quickly established itself as a dynamic force in the construction industry. Led by Principal Amy Johnson, this Charlotte-based firm offers comprehensive project management and consulting services, guiding clients through every phase of construction from feasibility studies to post-construction support. With a team of four dedicated professionals, Strata has achieved remarkable growth in its first three years. The company's revenue jumped from $744,777 in 2022 to $884,159 in 2023, reflecting its expanding influence and client base. As a 55% women-owned business, Strata is breaking barriers in a traditionally male-dominated field. Amy Johnson, recognized as one of Meck Times' 50 Most Influential Women for 2023 and a Woman of Influence in Commercial Real Estate by Globe Street for 2024, brings a unique leadership style to the company. Her "velvet hammer" approach facilitates productive outcomes even in challenging situations, fostering a positive and solution-oriented atmosphere that sets Strata apart from competitors. Strata's commitment to empowering women extends beyond its own walls. The company partners with "She Built This City" to support women and marginalized communities in skilled trades. This dedication to diversity is not just about social responsibility; it's a strategic advantage that brings fresh perspectives and innovative solutions to complex construction challenges. Recent accomplishments include expanding into new markets such as medical and faith-based projects and supporting a start-up client's expansion into Denver and Atlanta. These achievements demonstrate Strata's adaptability and its ability to drive growth for both itself and its clients. As Strata Project Management Group continues to evolve, it remains dedicated to challenging industry norms, promoting gender diversity, and delivering excellence in project management. With its innovative approach and commitment to inclusive leadership, Strata is not just managing projects – it's building a new future for the construction industry.

Consumer Optimism Fuels Desire for ‘Unicorn’ Properties, ‘Forever’ Dream Homes, Says New Coldwell Banker Global Luxury Mid-Year Report 

Coldwell Banker Real Estate LLC has introduced its 2024 Mid-Year Report, complementing the highly coveted Trend Report. Key trends within the report include growing optimism among high net-worth individuals and an influx of new, sought-after inventory bolstering a solid spring market. A survey of Coldwell Banker Global Luxury Property Specialists further supports these findings, as they reported affluent buyers continuing to seek out "have-it-all" properties and shifting their preferences toward finding their "forever" dream homes.  Backed by additional insights from Coldwell Banker Global Luxury Property Specialists and data from the Institute for Luxury Home Marketing, an analysis of the first six months of 2024 reveals a modestly stronger luxury single-family home market compared to the same period in 2023. The market's robust demand is evidenced by the close alignment between final sale prices and initial listing prices, underscoring the continued appeal of well-positioned properties.  In addition to the luxury market conditions, key findings in the 2024 Mid-Year Report include:  Continued Demand for "Have-It-All" Properties A critical factor driving the luxury real estate market is desirable inventory, where "have-it-all" properties offering tailored lifestyle experiences continue to be in the highest demand among discerning buyers. In fact, over 44% of Coldwell Banker Global Luxury Property Specialists said that demand persists for well-priced, impeccably presented high-end properties, particularly those that are "unicorns" such as move-in ready, new construction or highly amenitized.  According to 23% of Coldwell Banker Global Luxury Property Specialists, constrained inventory continues to pose a significant challenge to sales. The confluence of discerning buyers and a scarce availability of exceptional "unicorn properties" is expected to shape the luxury housing market for the remainder of 2024.  The "Forever" Dream Home Approximately 22% of luxury real estate agents have observed a waning interest in trends that emerged during the pandemic, signaling a transition towards the concept of a "forever" home. During the peak of the pandemic, the affluent demographic sought residences, however, evolving market dynamics and shifts in remote work policies have led many to search for homes that align with their long-term aspirations. Today's buyers are in pursuit of homes that offer the adaptability to grow and change alongside their evolving lifestyles. Coldwell Banker Global Luxury Property Specialists have noticed that transitions in life stages are increasingly becoming a primary motivator for property sales, leading to a preference for homes that can accommodate a family's needs through various life phases.  Sustained Consumer Optimism Heading into the latter half of 2024, the confidence of affluent consumers remains a pivotal element bolstering the steadfastness of the luxury real estate market. This sentiment is echoed by Coldwell Banker Global Luxury Property Specialists, with approximately 70% affirming their belief in the market's robustness for the current year.  A segment of high net-worth individuals is adopting a cautious stance, preferring to await a more favorable market and political climate prior to engaging in property transactions. Notwithstanding the prevailing uncertainties for the remainder of the year, about 33% of Coldwell Banker Global Luxury Property Specialists are optimistic about a surge in real estate activity as the year progresses.  The dynamic observed during the first half of the year underscores the long-term strength of luxury real estate. Coldwell Banker Global Luxury Specialists—armed with data-driven insights—are adeptly prepared to navigate their affluent clientele through the complexities of this dynamic market environment, steering them towards successful outcomes.

Home Builders Association of Greater Charlotte’s Parade of Homes Returns This Fall 

The Home Builders Association of Greater Charlotte announces the return of the Parade of Homes, set to take place Oct. 12-13, showcasing 38 homes from 13 of the finest builders in the Charlotte metropolitan area throughout eight counties.   The annual Parade of Homes is a free, self-guided tour featuring new model homes in communities throughout the greater Charlotte area, including Mecklenburg, Iredell, Gaston, Cabarrus, Lincoln, Catawba, Union and York counties. The Parade highlights all types of homes from first home to move-up to dream homes, as well as townhomes. All the new model homes are fully furnished, landscaped and decorated. Several homes will also be available to tour virtually on the website.   “The Parade of Homes is more than just a showcase; it’s a celebration of the vibrant and innovative spirit of our community’s builders,” said Suzanne Parker, chair of HBAGC Parade of Homes. “This event is vital because it not only connects people to their dream homes but also highlights the craftsmanship and creativity that drive the future of residential living in our area.”  The Parade of Homes will take place for two weekends: Oct. 5-6 and Oct. 12-13. Homes are open and available to tour from 11 a.m. to 5 p.m. The self-guided tours are free and low pressure. Keystone Custom Homes will be hosting the DonutNV food truck on Oct. 5-6 and the Revival Coffee truck on Oct. 12-13.   The 38 homes were built by the following homebuilders:  David Weekley Homes  Del Webb by Pulte  Empire Communities  John Wieland Homes and Communities  Keystone Custom Homes  Kolter Homes  Mattamy Homes  M/I Homes  Paragon Homes by AR Homes   Saussy Burbank  Stanley Martin Homes  Toll Brothers  Tri Pointe Homes  “We’re thrilled to be part of the Parade of Homes because it’s an incredible opportunity to showcase the quality and innovation we bring to each project,” said Gray Shell, division president of Tri Pointe Homes. “This event allows us to connect with the community, demonstrate our commitment to excellence and share our vision of modern living with prospective homeowners who are looking for something truly special in their next home.”  Parade of Homes sponsors include The Charlotte Observer, Costner Law, Graphi-Cal Creations, Piedmont Natural Gas, RCS Garage Doors, National Design Mart, Duke Energy, Sherwin Williams, Ferguson, Alexander Realty Group, First National Bank, Kelly McArdle Construction LLC, Thomas Property Group, and Truist.  “Parade of Homes is a perfect time for homebuyers to get inspired just as the market is starting to reignite,” said Jen Schuster, executive officer of the Home Builders Association of Greater Charlotte. “We’re excited to show off the brand-new single-family homes and townhomes in urban, suburban and even rural settings so there’s something for everyone!”   For more information, please visit www.ParadeCharlotte.com. Follow Parade of Homes on social media @ParadeCharlotte on Facebook. The 2024 Parade of Homes Magazine can be found in each home on the tour and a digital version will be available mid-September. A map of the homes can be found at paradecharlotte.com and at select Harris Teeter stores throughout September and October. You can also download the Charlotte Parade of Homes app on Apple Store and Google Play.   The Home Builders Association of Greater Charlotte offers resources, support and opportunities for the residential building and remodeling industry. HBAGC represents over 1,500 member firms in the Greater Charlotte region.