NAHB's Robert Dietz reports on the decline of job openings in construction for builders and remodelers during the month of September, as firms put profit before growth.
Over the last six months, employment gain for builders and remodelers have been about 4,700. NAHB analysis says, the number of open construction sector jobs has declined since August, going from 136,000 to 122,000 in September. However, in October the number increased by 6,00, but hiring has slowed throughout 2015.
Rising job openings for the overall economy are affecting many business sectors as the unemployment rate has fallen, with employers wanting new workers but holding greater numbers of unfilled positions. This could bode well for future hiring, but it might also signal that labor shortages are becoming a more general concern.