Construction jobs outlook slightly better | Irvine Real Estate | Irvine Homes for Sale

by Robert Mack on January 16, 2011

in Latest News

Construction has been one of the hardest sectors in the economy.

As of December, O.C. construction jobs were down 7% from the year before, falling to 63,000 full-time positions, according the Associated General Contractors of America. Nationally, construction industry unemployment hit 20.7 percent — with 1.7 million workers out of a job.

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So are things going to get better this year? We asked members of the local Building Industry Association at their annual Outlook Dinner Thursday night …

Bill Watt, 2011 BIA/OC president and founder and president of Baywood Development Group: “I think 2011 is going to be better than 2010. I think we found the bottom in both (housing) starts and prices. … But it’s going to be a slow recovery because of the jobs. We need jobs.”

Steve Ruffner, Southern California and Coastal division president for KB Home: “We’re optimistic because we have 20 new communities we’re going to open in the first and second quarters. … Each house we build creates more jobs.”

He said also: “We’re getting a lot of customers in. We’re seeing people with good credit. Our FICO scores are up. And we’re seeing a lot of people who are interested in buying.”

Paul Johnson, senior vice president for community development, Rancho Mission Viejo: “We’re in that improving state right now … I think it’s a great time in construction. There are a lot of operations that will open up in 2011 and 2012. … Things are starting to improve.”

via ocregister.com for the complete article

Posted on Irvine Orange County Real Estate Market News

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