By MIKE SCHNEIDER Associated Press

ORLANDO, Fla. (AP) - As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. So he left construction, along with 2.3 million others nationwide during the economic downturn, and got a job installing traffic signals and street lights.

"I couldn't afford to sit at home for a month here and a month there," said Rager, 53.

Now Rager is back in construction, working with a crew on a custom-built home in Orlando, framing walls "and doing a little bit of everything." In the past four years, hundreds of thousands of workers have returned to construction, making it among the nation's fastest growing job sectors.

In the busiest markets, there aren't enough construction workers to keep up with the pace of building. In a recent survey of more than 900 contractors by Associated General Contractors of America, 83 percent said they were having trouble filling craft positions. The most difficult positions to fill were carpenters, roofers and equipment operators.

Given the amount of building going on, "it's going to be interesting because we're going to have a labor shortage here in South Florida," said Scott Moss, president of Moss & Associates, a South Florida-based construction firm with offices in California, Texas, Georgia, South Carolina and Hawaii.

Yet it's a measure of how hard the sector was hit that at it has regained just 900,000 of the 2.3 million jobs it lost from 2007 to 2011. The annual unemployment rate for construction workers stood at 9.8 percent last year, down steeply from the industry's 20.6 percent annual unemployment rate in 2010, but still significantly higher than last year's national annual unemployment rate of 6.2 percent.

In the meantime, returning workers such as Rager are finding a different business from the one they left.

ALTERED LANDSCAPE

Apartment buildings are going up at a faster rate than single-family homes, a trend fueled by tighter home-lending standards, an increase in people choosing to live in or near urban centers and a drop in the rate of new households being formed.

The rest is here:
Construction picks back up, but it's a different gig now - Quincy Herald-Whig | Illinois & Missouri News, Sports

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March 2, 2015 at 2:02 pm by Mr HomeBuilder
Category: Apartment Building Construction