Construction is a high-earning industry and a large and growing one. There is currently a construction boom, but it is starting to slow; however, it is not stagnant. There is growth in single-family home developments, and home-improvement projects. More women and minorities are getting jobs in this industry and more new, innovative technologies are being used. There is still a labor shortage, and skilled contractors are needed.

For this article we wanted to share more statistics to show you the current state of the construction industry and where it’s headed in the future:

1. 35% of construction-related companies increased their staff size in 2017.
2. The average hourly wage of a construction employee is $29.95.
3. The median weekly earnings for a full-time, non-union worker was $840 in 2017.
4. In 2017, the median earnings for a full-time union worker was $1,163 per week.
5. The construction industry has added 297,000 jobs.
6. In July 2018, construction work was estimated to be $1.3 billion dollars.
7. Over $81.2 billion in new contracts were given to the top 10 construction companies in the U.S. in 2017.
8. 90% of U.S. general contractors reported that they are concerned about the labor shortage.
9. 57% of contractors plan on hiring more employees in the next six months.
10. 57% of contractors have trouble finding skilled workers.
11. Only about one-third of employees in the construction industry were born after 1980.
12. 52% of construction employees were born between 1960 and 1979.
13. 30% of the construction workforce are Hispanic or Latino.
14. 9% of the total construction workforces is female.

As you can tell, skilled workers are needed. If you are thinking about getting into contractor or switching careers, this industry needs you, especially if you are born after 1980 and are a woman!

To be a contractor, you need a contractor’s license to work legally in most states. We are a Florida contractor licensing company. We help contractors across the United States get their contractor license smoothly.

We submit a completed contractor’s license application to the Construction Licensing Board on your behalf after getting information from you by phone or email. We make the process easy. We know what the Board is looking for to get you licensed fast.

To get your contractor license, click our Florida contractor license  page to learn more or call 239-777-1028 to get started with us.