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Michael Latas & Associates
Construction Report - February 2023

Executive Summary
  • Construction backlogs increased in January vs. December of 2022 and January of 2022 by 12.5% and down (2.2%) respectively
  • Total construction backlogs increased from last month with industrial construction growing fastest
  • Current backlogs are 9.0 months of work
  • The United States gained 517K jobs in January from December while the construction industry gained 25K jobs vs. last month. 
    • The construction industry grew +3.9% vs. the prior year with all sectors employing more people
    • General contractors in non-residential grew and are employing 4.8% more people than the prior year
    • Specialty contractors grew and are employing 3.9% more people than the prior year
  • All Contractors have more people employed than at this time last year and there are few people left to hire
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Michael Latas & Associates
Since 1975

Contact

307.365.6620
[email protected]

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  • Home
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