Between October 2017 and October 2018, residential specialty trade contractors added 92,100 net new jobs, which translates into 4.7% job growth. In other words, the number of people working for specialty trade contractors expanded by nearly 5% in just one year, a testament to how strong construction markets remain despite rising mortgage rates and growing concerns regarding apartment market overbuilding in certain communities.
Specialty Trade Contractors: First Economic Responders
by Anirban Basu
If you are a CFMA member login to continue reading this article. If you aren't a member yet and would like unlimited access to all of the content on cfma.org, plus a variety of other benefits, join CFMA today!
About the Author
Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in Baltimore, MD. He is one of the Mid-Atlantic region’s most recognizable economists in part because of his consulting work on behalf of such clients as prominent developers, bankers, brokerage houses, energy suppliers, and law firms.Read full bio