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Employee retention is a critical key to contractor’s business success given historically low U.S. unemployment at 3.5%, and continued difficulty in filling plumbing and HVAC positions — with only one of four positions being filled.
While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment. Despite this, the industry is coming off of a record-breaking quarter of growth in Q2, which has fueled projections for the year at around 12% growth in sales year-over-year, with many members still encouraged about future growth in 2022.
ASA’s Mike Miazga is back with another COVID-19 Recovery Town Hall interview session. This time, Mike is joined by National Association of Homebuilders President and CEO Jerry Howard, who answers a bevy of ASA member questions related to the construction/homebuilding market coming out of the pandemic.
As the COVID-19 pandemic has spread across countries and industries, the commercial construction industry has found varied methods to adapt to changes in workforce, funding and supply chains. Project and construction managers need to not only adapt to the impacts of the current climate, but reconsider plans in order to help mitigate ongoing damages and delays.
Texas and West Virginia have biggest number and percent of annual job gains as Louisiana and Vermont lag; Washington has largest one-month gains, while Pennsylvania and Vermont experience worst losses.
Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released on April 16, 2019. Sentiment levels have held in the low 60s for the past three months.