Michael Latas & Associates
Construction Report - March 2022

Executive Summary

• Construction backlogs are flat in February vs. January of 2022 and down slightly to February of 2021 by +0.0% and (2.4)% respectively
• Total construction backlogs remained constant from last month
• The United States gained 700K jobs in February from January while the construction industry gained 57K jobs vs. last month. 
  • The construction industry grew +4.1% vs. the prior year with all sectors employing more people
  • General contractors in residential construction grew and are employing 5.1% 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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