Michael Latas & Associates
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Michael Latas & Associates
Construction Report - July 2020

Executive Summary
  • Construction backlogs and construction employment both increased in July vs. June by +2.5% and +0.7% respectively
  • Total construction backlogs grew by +2.5% from last month with infrastructure construction growing fastest at +7.5%
    • Heavy industrial construction lagged other areas and were up 2.0% from month; leaving them down 31.6% from last year
  • Current backlogs are 9.0% lower than last year while infrastructure backlogs are 26.6% higher than last year
  • The United States gained 1.8M jobs in July (seasonally adjusted)
    • The construction industry grew faster than the overall market by growing +0.7% vs. +0.4% for all industries
    • General contractors in residential construction had the most gains in July vs. June, +1.8%, while general contractors in commercial projects only added +0.5%
  • 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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Services

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Company

Michael Latas & Associates
Since 1975

Contact

307.365.6620
[email protected]

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