Construction Job Data Improves in November
Nonfarm payroll employment increased in 38 states and the District of Columbia in November compared to the previous month, while it decreased in 12 states. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 227,000 in November, following a meager gain of 32,000 jobs in October.
On a month-over-month basis, employment data was most favorable in Florida, which added 61,500 jobs, rebounding from the hurricanes that hit the sunshine state in October. Washington came in second (+30,900), followed by North Carolina (+15,000).
A total of 20,300 jobs were lost across 12 states, with Colorado reporting the steepest job losses at 3,900. In percentage terms, employment increased the highest in Washington at 0.9%, while Vermont saw the biggest decline at 0.3% between October and November.
Construction sector jobs data — which includes both residential and non-residential construction — showed that 23 states and the District of Columbia reported an increase in November compared to October, while 23 states lost construction sector jobs. The four remaining states reported no change on a month-over-month basis.
Florida added the most month over month, with an increase of 7,600 construction jobs, while Indiana lost 3,400 jobs. In percentage terms, Minnesota reported the highest increase at 2.1%, and Indiana reported the largest decline at 2%.
Year over year, construction sector jobs in the U.S. increased by 211,000 — a 2.6% increase. Texas added 32,200 jobs, which was the largest gain of any state, while California lost 11,500 construction sector jobs. In percentage terms, Alaska had the highest annual growth rate in the construction sector at 20.3%. Over this period, Maryland reported the largest decline of 2.3%.
Danushka Nanayakkara-Skillington, NAHB assistant vice president for forecasting and analysis, provides more in this Eye on Housing post.
Latest from NAHBNow
California, Texas and Florida continue to account for the largest shares of remodeling activity nationwide, according to first quarter results from NAHB’s State Projections of Remodeling (SPR). The SPR offers a quarterly state-by-state analysis of remodeling activity based on total dollar volume, market share and changes in remodeling spending.
The National Housing Center Board of Governors is seeking nominations for NAHB’s two highest honors: Membership in the National Housing Hall of Fame and the Exemplary Service in Home Building award. Nominations must be submitted by Sept. 4, 2026.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.