BUILDING UP

We see them on sites of new high-rises, redevelopments and more; New York isn’t New York without flooring installers, roofers, brick masons, steel workers and other construction professionals. And now, with an ongoing labor shortage affecting everything from development to leasing, we really appreciate the fact that the construction industry is a critical link in the real estate business, as you can see by the numbers.

6.2%

The percentage of construction workers who identify as women (Zippia)

42.5

The average age of a construction worker in the U.S. (U.S. Department of Labor)

9,997,965

Number of construction employees in the United States as of 2023 (Ibisworld)

1.33 million

The number of new residential construction building permits issued in December 2022, down 29.9% from December 2021 (U.S. Census Bureau)

$46,524

The average salary for a construction worker in New York City (salary.com)

546,000

The number of additional construction workers needed above normal hiring levels to meet the demand for labor (Associated Builders and Contractors)