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Michael Latas & Associates
Construction Report - May 2021

Executive Summary
  • Construction backlogs increased in May vs. April of 2021 and April of 2020 by +1.3% respectively
  • Total construction backlogs increased by +1.3% from last month with heavy industrial construction growing fastest
  • Current backlogs are 1.3% higher than than last year
  • The United States gained 559K jobs in May from April while the construction industry lost 20K jobs vs. last month. 
    • The construction industry grew +6.0% vs. the prior year with all sectors employing more people
    • General contractors in residential construction grew 0.5% in May vs. April assisted by low interest rates creating a strong housing market
    • Residential contractors are employing 12.2% more people than at the same time last year
  • All Contractors have more people employed than at this time last year
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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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  • Home
  • About
  • Lessons
    • Selling the Offer
    • Attracting Talent
  • Reports
    • May 2025
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    • Dec 2024
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