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Michael Latas & Associates
Construction Report - January 2022
Executive Summary
Construction backlogs increased in December vs. November of 2021 and December of 2020 by +3.7% and 16.7% respectively
Total construction backlogs increased by +3.7% from last month with industrial construction growing fastest
Current backlogs are 16.7% higher than last year with industrial construction
The United States gained 200K jobs in December from November while the construction industry gained 31K jobs vs. last month.
The construction industry grew +2.4% vs. the prior year with all sectors employing more people
General contractors in residential construction grew and are employing 6.2% 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
Add talent to your team by contacting us today!
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