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Michael Latas & Associates
Construction Report - September 2022
Executive Summary
Construction backlogs increased in August vs. July of 2022 and July of 2021 by 0.0% and 13.0% respectively
Total construction backlogs were flat from last month with industrial construction growing fastest
Current backlogs are 8.7 months of work
The United States gained 208K jobs in August from July while the construction industry gained 2K jobs vs. last month.
The construction industry grew +4.2% vs. the prior year with all sectors employing more people
General contractors in residential construction grew and are employing 4.5% more people than the prior year
Heavy Civil contractors grew and are employing 4.7% 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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