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Michael Latas & Associates
Construction Report - July 2020
Executive Summary
Construction backlogs increased and construction employment decreased February vs. January by +2.7% and -0.0% respectively
Total construction backlogs grew by +2.7% from last month with residentcommercial construction growing at +5.5%
Current backlogs are 10.7% lower than last year
The United States gained 468K jobs in July (seasonally adjusted)
The construction industry lost 56K partially due to unfavorable weather causing civil companies to lower their rolls
General contractors in residential construction had the most gains in February vs. January at +0.9%
July was the 3rd straight month of increased employment form the lows of April
Recruiting starts have increased dramatically in the last 30 days
Add talent to your team by contacting us today!
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