How current events impact business & real estate

Wednesday, April 14, 2010

Construction continues to be in standstill

Less than 3% of US metropolitan areas added construction jobs from 2009 to 2010 (US Bureau of Labor Statistics). In fact, Long Island had an 8% drop in contruction jobs alone (Long Island Business News). So what does this mean to us?

For starters, there are a lot of people not working. More so, of those who are working, they probably aren't getting paid that much. Yet, lets look at this from another angle. Construction workers are desperate for work. Maybe its time to get some renovations or construction done for property owners and developers. This is definetly a market where you can get a great discount on labor, which is quite a great opportunity.

No comments:

Post a Comment

Share your thoughts and ask your questions here.

Only restrictions are no spam, discrimination, and/or harassing others.

By commenting here you assign us a irrevocable, worldwide, perpetual and royalty free license on your copyright to reproduce your comment, in whole or in part, as we unilaterally deem fit.