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Construction Gains

Construction gains momentum in 2023

The number of construction starts for 2022 stayed strong at the end of the year, and the new year kicked off strong as well. December rebounded from November to show a 27 percent gain, which is the first monthly to year-end jump shown since 2017. The seasonally adjusted annual rate ended at $1.185 trillion.

Throughout 2022, the construction totals held 15 percent higher than they did during the previous year. While residential starts dropped by 3 percent for the year, non-residential projects saw a 38 percent increase over the previous year.

Manufacturing and infrastructure remain the strengths of the new starts in the construction industry, and as the economy softens and as interest rates continue to rise, manufacturing and infrastructure will remain the strengths and help keep construction booming. The demand for construction workers is expected to continue as well.

Heavy equipment operators, crane operators, and truck drivers are a necessity for these kinds of projects. If you are looking for a career opportunity, now is the ideal time to get the proper training so you can meet the criteria to join a construction crew. Offering job stability, good pay, and good benefits, construction jobs are a great opportunity for those who want a career that will help them attain their personal and career goals.

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