The construction industry is getting bigger.
But it’s not just the construction companies that are expanding.
New construction and construction services have also been growing.
The National Association of Realtors (NAR) says it has seen a jump in new construction activity over the past two years, with an average of 20% more new construction projects in the third quarter.NAR says there were 8.9 million new home sales in March, a jump of 3% from February.
There were 826,000 new home transactions in February, an increase of 5% from the previous quarter.
NAR also reports that the number of new construction jobs in the U.S. rose by 11% from January to March.
And according to a new report from PricewaterhouseCoopers, the construction sector will have the biggest year-over-year increase in new jobs in 2019, with the sector accounting for 17.5 million jobs, up from 17.2 million jobs in 2018.