Where Residential Construction Thrives: Metro Area Hotspots for Jobs and Businesses
The residential construction industry plays a crucial role in driving economic growth and local community development. It has a lasting impact on local communities by creating jobs, improving infrastructure, boosting local businesses, and enhancing property values. The residential construction industry is more reliant on labor than capital in the United States. The NAHB analysis of the Quarterly Census of Employment and Wages (QCEW) data provides an insight into employment and establishment concentration1 of the residential construction industry across metro areas (MSA).
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