State-by-State Employment Data for April
Nonfarm employment increased in 38 states and the District of Columbia in April compared to the previous month, while 11 states saw a decrease. Alaska reported no change during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 175,000 in April, following a gain of 315,000 jobs in March.
Across the nation, construction sector jobs data — which includes both residential and non-residential construction — showed that 28 states reported an increase in April compared to March, while 19 states and the District of Columbia lost construction sector jobs. The three remaining states — Mississippi, Rhode Island and South Carolina — reported no change on a month-over-month basis.
Overall, the construction industry added a net 9,000 jobs in April compared to the previous month.
Year over year, construction sector jobs in the U.S. increased by 258,000, which is a 3.2% increase compared to the April 2023 level. Texas added the most jobs (30,500) of any state, while New York lost 7,100 construction sector jobs. In percentage terms, Alaska had the highest annual growth rate in the construction sector at 18%, while Maryland reported the largest decline of 4%.
Danushka Nanayakkara-Skillington, NAHB assistant vice president for forecasting and analysis, provides more insights in this Eye on Housing post.
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NAHB members and staff provided a tour of several residential subdivisions in Northern Virginia to an official from the U.S. Small Business Administration’s (SBA) Office of Advocacy. The tour offered an opportunity to show the official how NAHB members comply with construction stormwater requirements and to discuss the federal construction general permit (CGP) for stormwater discharges from active residential land development and construction sites.
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Latest Economic News
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.
Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.