Given challenging construction labor markets, if you want to build something, you're best off being in the right place at the right time. According to a recent analysis by Point2, a blog and news site owned by Yardi, that's not the major markets you might expect.
"So, to determine the most dynamic metro areas for construction-related occupations, Point2 analysts ranked US metros based on eight factors that influence the industry and its job evolution: number of jobs, wage, building permit change, housing units, permits per housing units, construction establishments, location quotient and, last but not least, cost of living (see methodology for full details). As a reasonable benchmark for growing construction activity, this report considers metros with more than 1,000 permits issued between January and June 2022. The resulting 146 metropolitan areas paint a picture of the state of construction work across the United States."
Some of the main findings include Kennewick, Washington and St. George, Utah as "the most thriving metros for construction jobs."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.