The number of open positions in the construction sector edged higher in March, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to declines in construction activity, particularly in housing. However, recent gains for nonresidential construction have not fully offset soft conditions for housing with respect to the demand for construction labor.

The number of open jobs for the overall economy declined, falling from 6.92 million in February to 6.87 million in March. The March reading was down from a year ago (6.95 million) due to a cooling labor market.

Previous NAHB analysis indicated that this number had to fall below eight million on a sustained basis for the Federal Reserve to move forward on interest rate reductions. With estimates remaining below eight million for national job openings, the Fed, in theory, should be able to cut further. However, this is situation is complicated by rising energy costs due to the Iran war.

The number of open construction sector jobs increased for the month, rising slightly from 201,000 in February to 224,000 in March. This total was down compared to a year ago (278,000). The chart below notes the declining trend that has been in place for unfilled construction jobs since the Fed raised the federal funds rate and home building weakened. While home building employment was declining during the second half of 2025, other subsectors of the construction industry have expanded (e.g. data centers). This has produced volatility within a reduced range in the job openings series since 2024.

The construction job openings rate increased to 2.6% in March, down from the 3.3% rate estimated a year ago.

The layoff rate in construction declined slightly to 1.7% in March. The quits rate increased to 1.7% for the month.