Promote the Skilled Trades with New State-Specific Salary Data
NAHB has updated its state-specific salary data for the most popular construction trades to help HBAs and members promote the value of pursuing a skilled trades career in their local areas.
The updated data include the average state wages for 19 construction specialty trade contractors, based on 2020 data from the Bureau of Labor Statistics (member login required).
Visit NAHB’s Workforce Development Resources to access additional tools you can use in your community, including brochures, posters, videos, customizable op-eds and social media posts.
And, start planning now Careers in Construction Month in October. This annual celebration helps to increase public awareness of the opportunities available in construction trades professions. For ideas on how to reach individuals in your community to promote a career in the trades, consult NAHB's Careers in Construction toolkit for a variety of in-person and virtual event suggestions.
For more information, contact Greg Zick.
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Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.