500,000 jobs nationwide; this is the estimate for the number of housing related jobs that will be created in 2013.
This estimate was created by Ameriprise Seniro Economist, Russell Price from data copiled by Bloomberg.
According to a Bloomberg.com report Construction companies added 18,000 workers last month after a 49,000 surge in February that was the biggest in almost six years, a Labor Department report April 5 showed. As payroll growth slowed in March to 88,000, the smallest gain in nine months, construction added jobs faster than the overall market. Yet the increase in construction jobs so far has lagged new activity because workers have had their hours increased, said David Crowe, NAHB chief economist in Washington. Weekly hours have risen to an average of 36.8 the past year, the highest since December 2006. "We have seen increasing hours, but there is a limit to that," he said. "I'm expecting to see a more direct correlation between increases in housing starts and increases in construction employment."
The impact of a national rebound in housing is being felt in Georgia.
A recent search on the job posting site CareerBuilder.com shows a couple hundred construction related job openings in the metro Atlanta area alone.