Category Research

Browse reports prepared by our research team on the construction industry. We use data from the U.S. Census Bureau and the Bureau of Labor Statistics, among other sources, to provide readers with up-to-date data and statistics relevant to the construction industry.

Injured worker

Industries With the Highest Rates of Workplace Injuries

One of the concepts that the COVID-19 pandemic brought to the forefront of the public imagination is the idea of an “essential worker.” The pandemic highlighted that many professions are critical for allowing the rest of the economy and society…

New residential construction

U.S. Cities Spending the Most on Residential Construction

One of the major housing market trends that has emerged from the COVID-19 pandemic is a preference for single-family housing, and this increased demand is driving a surge in new home construction. For years, many people—especially more mobile, younger populations—were…

Electrician at work

Best-Paying U.S. Cities for Electricians

For anyone seeking a promising career option with plenty of opportunity in the next few decades, becoming an electrician would be a good choice. Electricians enter the field without four-year degrees and can instead opt for a less expensive trade…

Black man sitting in room under renovation

Cities With the Highest (and Lowest) Minority Homeownership Rates

Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pandemic, only 65 percent…

Suburban home

The Best Cities to Buy a Rental Property

While COVID-19 has been detrimental to many American families, it has helped solidify the financial footing of others. With less money being spent on expenses like travel, commuting, or eating out, household savings rates rose to record levels in 2020.…

Young black man at work

Cities Most Dependent on Small Businesses

Small business is often held up as a key driver of the U.S. economy, and for good reason. According to the U.S. Small Business Administration, small businesses account for 64 percent of net private-sector jobs created since 2005. Collectively, small…

Man looking away while standing by window at home

U.S. Cities With the Oldest Renters

One of the surprising trends in the U.S. rental market in recent years has been the emergence of Baby Boomers as a major source of demand. For many, the view of a typical renter is a young person, living on…

Construction workers at work

Cities With the Most Construction Workers

The COVID-19 pandemic has had sweeping impacts on the economy and virtually every industry sector. While the construction industry has weathered the storm better than some hard-hit industries—such as leisure and hospitality—construction is facing some unique challenges. Construction companies are…

Woman packing to move

The Most Transient American Cities

The United States has long been a mobile nation. Throughout America’s earliest days as a colonial outpost, the exploration of the frontier, the urbanization of industrial cities, and the postwar suburban boom, the freedom to venture out in search of…

Suburban housing development

The Hottest Real Estate Markets [2020 Edition]

Despite the current COVID-19 recession and the initial drop in home sales, the national housing market expanded significantly in 2020. According to a report by the Joint Center for Housing Studies of Harvard University, record low home inventories in tandem with…

Construction workers looking over plans

Cities With the Youngest (and Oldest) Construction Workers

The construction industry is struggling to attract young workers, contributing to a persistent labor shortage. Demand for new home construction continues to be high, and many construction companies are unable to find the workers needed in order to meet demand.…

Preconstruction

A Complete Guide to Preconstruction

What Is Preconstruction? Preconstruction is the term used to describe the process leading up to work on any construction job. In this initial planning phase, stakeholders set expectations, scope out the work, and plan a schedule for the project from…

Coastal Florida

U.S. Cities Most Impacted By Sea Level Rise

Increasing global temperatures will bring changes to our environment, economy, and society, but one of the most pronounced effects will be the impact on sea level rise. A 2019 report from the UN’s Intergovernmental Panel on Climate Change (IPCC) estimated that global…

Construction worker at work

Cities With the Most Physically Demanding Jobs

The COVID-19 pandemic is responsible for the largest wave of job losses since the Great Depression. The mass layoffs caused by social distancing regulations have brought new meaning to the term “essential worker.” Today’s essential workers often hold some of the…

Brooklyn homes in winter

Cities With the Biggest Drop in Rent Prices Since COVID

Since the first major outbreak in March 2020, the effects of the COVID-19 pandemic have continued to unfold. One emerging trend is a drop in rent prices in select major metropolitan areas, countering the long term trend of sustained price…