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
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