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

Codes and Standards | Advocacy

Sep 29, 2023

DOE Opens Applications for $400 Million in Energy Code Adoption Grants

The U.S. Department of Energy has announced the opening of applications for $400 million in grants to states that adopt more stringent energy codes.


Sep 29, 2023

Podcast: Preparing for a Government Shutdown

NAHB CEO Jim Tobin and SVP Paul Lopez discuss the impacts of a potential – but likely – government shutdown on housing.

Awards | Membership

Sep 29, 2023

Don’t Miss Your Chance to Enter NAHB’s Prestigious Awards Programs

Applications for many of NAHB’s top awards programs close next week on Oct. 6. Apply today to spotlight top projects and professionals in your field.

View all

Latest Economic News


Sep 29, 2023

Property Tax Revenue Climbs as Income Tax Receipts Decline Sharply

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted). In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4% increase over Q2 2022.


Sep 28, 2023

Number of 5,000+ Square Foot Homes Down in 2022

According to the annual data from the Census Bureau’s Survey of Construction (SOC), a total of 29,000 5,000+ square-foot homes were started in 2022, down from 33,000 in 2021.


Sep 27, 2023

Lot Values Trail Behind Inflation

Lot values for single-family detached spec homes continued to rise in 2022, with the national value and six out of nine Census divisions setting new nominal records, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data.


Sep 26, 2023

Consumer Confidence Falls Again in September

Consumer confidence saw another decline in September as consumers expressed growing concerns about the future, primarily driven by persistent inflation and expectations of higher interest rates lasting for an extended period.