Date: July 17, 2009
"Single-family homebuilders appear finally to have touched bottom and should begin hiring on net," Simonson commented. "However, the multi-family market remains moribund, with weak demand, excessive supply in many states and no credit availability."
Simonson urged Congress to act quickly on transferring money into the federal Highway Trust Fund to avert interruption of payments to highway contractors that would force more layoffs. He also called for prompt enactment of pending authorization bills for highways and transit, aviation and water projects, along with passage of appropriations bills that include federal construction.
"All of these bills will deliver both short- and long-term benefits to the American public, while providing desperately needed jobs for construction workers in every state," he added.
View the attached chart for state-by-state construction employment information.