When the Housing Market Returns to Normal, How Much Will Residential Construction Employment Rebound?

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Housing Insights

When the Housing Market Returns to "Normal," How Much Will Residential Construction Employment Rebound?

The housing bust induced a 41 percent drop in residential construction jobs between 2006 and 2011. Fannie Mae’s Economic and Strategic Research (ESR) Group predicts that homebuilding activity will return to “normal” by 2016, with housing starts roughly doubling over the next four years. The return to normal also implies an increase in residential construction employment, but how many jobs will be created by the homebuilding rebound? We explore this topic in our latest edition of Housing Insights.

When the Housing Market Returns to "Normal," How Much Will Residential Construction Employment Rebound? (PDF)

 

Previous Housing Insights

Housing Insights formerly called Data Notes

Rental Resurgence Marked by Single-Family Expansion and Diverging Affordability Trends for Owners and Renters

Fannie Mae Data Note: Nov 2012

Stuck in the Great Recession's Income Slump: Sluggish Job Earnings Impede an Economic Expansion

Fannie Mae Data Note: Sept 2012

Housing the Nation’s Burgeoning Older Elderly Population

Fannie Mae Data Note: June 2012

Housing Cost Burdens

Fannie Mae Data Note: May 2012

Single-Family Rental Housing – The Fastest Growing Component of the Rental Market

Fannie Mae Data Note: Mar 2012

Inaugural Fannie Mae Data Note Examines Falling Homeownership Rates

Fannie Mae Data Note: Oct 2011