Although California's overall economy has seen a large increase in GDP since 2005, GDP for the construction industry specifically has remained
flat. Real GDP per private construction employee has declined, while real GDP per private employee across all industries has increased.
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Construction employment - including the self-employed - peaked in 2006 and dropped sharply in the following years during the Great Recession and
housing crisis. Despite high demand for construction in recent years, especially housing, construction employment has still not reached the level from the previous peak in 2006.
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Construction project starts, the 2022 Statewide Housing Plan, and analyses of major federal appropriations for infrastructure, decarbonization, and
semiconductor production all suggest that construction volume will increase significantly over the next few years, if firms are able to hire sufficient numbers of workers.
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Building equipment specialty contractors (includes electrical, plumbing, and HVAC work) have grown much more rapidly than residential and
nonresidential building construction in recent years, which indicates that a rising proportion of construction work consists of modernization of existing structures.
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California still missing nearly 80,000 residential construction jobs lost in Great Recession
The following blog post is the first in a series describing construction employment trends...
Testing Content (2)
The following blog post is the first in a series describing construction employment trends...
Testing Content (3)
The following blog post is the first in a series describing construction employment trends...
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Center for California Construction Economics