Construction Job Openings Approach 400,000

Workforce Development

The construction labor market remains tight, approaching an all-time high, as the industry sees a rising number of job openings year-over-year.

The count of open construction jobs increased slightly to 396,000 unfilled positions in March from a 383,000 rate in February. This is significantly higher than the 336,000 count recorded a year ago. The job openings rate in construction remained elevated at 4.9% in March.

The highest measure in the history of the data series (going back to late 2000) was 416,000 open jobs in April 2019. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory.

Looking forward, the construction job openings rate is likely to see increased upward pressure as both the residential and nonresidential construction sectors expand. Attracting skilled labor will remain a key objective for construction firms in the coming quarters and will become more challenging as the labor market strengthens and the unemployment rate declines.

NAHB Chief Economist Robert Dietz provides more analysis in this Eye on Housing blog post.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Housing Affordability | Membership

Jul 22, 2024

NAHB Helps HBAs Reduce Barriers to Housing Affordability

At the 2024 Spring Leadership Meeting, the State and Local Government Affairs Committee awarded eight home builders associations (HBAs) with financial assistance through the State and Local Issues Fund.

Codes and Standards

Jul 19, 2024

NAHB Members Needed to Represent Builders on New ICC Energy Code Committees

The International Code Council (ICC) has launched the process for the development of the next edition of the International Energy Conservation Code, the 2027 IECC.


Jul 19, 2024

Sneak Peek of the 2025 IBS Exhibit Home: Innovations in the Walls

The build team of The New American Home 2025 is continually finding creative ways to deliver an extraordinary home within a relatively tight timeframe.

View all

Latest Economic News


Jul 19, 2024

Remodeling Market Sentiment Holds Steady in Second Quarter

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2024 posted a reading of 65, down one point compared to the previous quarter.


Jul 18, 2024

Top Ten Builder Share Declines in 2023

The top ten builders accounted for 42.2% of all new single-family home closings in 2023, down 1.3 percentage points from 2022 (43.5%).


Jul 17, 2024

Single-Family Starts Weaken in June

Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June.


Jul 16, 2024

High Mortgage Rates Continue to Hold Back Builder Confidence

Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder sentiment.