From the Jax Daily Record: Where are signs pointing to in the housing market?
As the housing market slowly recovered from the financial crisis a decade ago, construction became a major engine for job growth in Northeast Florida.
When Jacksonville’s job growth peaked at 3.7% in March 2018, construction led the way, growing at 15% and accounting for nearly a quarter of the 25,000 jobs added in the previous year.
However, job growth has cooled in early 2019 and construction employment has taken a sudden downturn.
The most recent data from the Florida Department of Economic Opportunity, for February, showed construction jobs dropped by 1.3% in the previous 12 months, the first decline in the industry since 2012.