Veteran Employment in Construction Increases in 2022
According to the latest Employment Situation of Veterans report released by the U.S. Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022 — the second consecutive annual increase. The share has climbed 0.6% since 2020 and is just one-tenth lower than the most recent peak reached in 2019.
“Management, business, and financial operations” and “professional and related” occupations constituted the largest share of veterans’ occupations, accounting for 43.3% of employment. Construction and extraction jobs made up 5.8% of the total.
The unemployment rate for all veterans declined from 4.4% in 2021 to 2.8% in 2022.
David Logan, director of tax and trade policy analysis at NAHB, provides more in this Eye on Housing post.
Latest from NAHBNow
Economics | IBS
Feb 17, 2026
2026 Housing Outlook: Ongoing Challenges, Cautious Optimism and Incremental GainsThe housing market will continue to face several headwinds in 2026, including economic policy uncertainty as well as a softening labor market and ongoing affordability problems. But easing financial conditions led by an anticipated modest reduction in mortgage rates should help to somewhat offset these market challenges and support production and sales, according to economists speaking at the International Builders’ Show in Orlando, Fla. today.
Multifamily | Economics | IBS
Feb 17, 2026
Multifamily Market Expected to Cool in 2026 as Vacancies RiseThe rental market has slowed following a pandemic-era boom due to demographic changes, softer labor market and rising vacancies and is moving towards a more constrained development environment, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando today.
Latest Economic News
Economics
Feb 17, 2026
Builder Sentiment Edges Lower on Affordability ConcernsBuilder confidence in the market for newly built single-family homes fell one point to 36 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Economics
Feb 17, 2026
How Rising Costs Affect Home AffordabilityHousing affordability remains a critical issue, with 65% of U.S. households unable to afford a median-priced new home in 2026. When mortgage rates are elevated, even a small increase in home prices can have a big impact on housing affordability.
Economics
Feb 16, 2026
Cost of Credit for Builders & Developers at Its Lowest Since 2022The cost of credit for residential construction and development declined in the fourth quarter of 2025, according to NAHB’s quarterly survey on Land Acquisition, Development & Construction (AD&C) Financing.