HousingWire – Megan Hopkins
Residential construction jobs faced a 41% drop between 2006 and 2011. With homebuilding predicted to return to normal by 2016, housing starts may double over the next four years, Fannie Mae said. This return to normalcy also implies an improvement in residential construction employment. But many are wondering how many jobs will come out of this homebuilding rebound. In its latest edition of Housing Insights, Fannie Mae studies the historical relationship between housing starts and residential construction employment coupled with Economic and Strategic Research’s housing starts forecast, to project future homebuilding employment.