Make us your home page
Instagram

Tampa Bay area lost 6,700 construction jobs since August 2011

Tampa Bay lost more construction jobs in the past year than any other metro area nationwide except Atlanta, a sharp local reminder that the building business remains an economic laggard despite an improving housing market.

According to the latest monthly report by the Associated General Contractors of America, the bay area lost 6,700, or 12 percent, of its construction jobs from August 2011 to August 2012. Atlanta lost 7,200 construction jobs in the same period.

Tampa Bay's decline counts for nearly two thirds of the 10,400 construction jobs lost statewide in the same period.

If there's a silver lining, it's that the market for construction actually has improved since January. That's when Tampa Bay ranked first nationwide with annual construction job losses of 7,100. Since January, the number of existing area construction jobs has increased from 43,000 to 47,100 by the end of August. That's still fewer than half of the 95,000 construction jobs enjoyed by the Tampa Bay area at the peak of the housing bubble in the summer of 2006.

Nationally, the market for construction jobs is mixed. Construction employment fell in 164 out of 337 metropolitan areas between August 2011 and August 2012, increased in 130 and was stagnant in 43, the general contractors group said. Association officials said that construction employment in many areas was suffering as government and business officials delay projects in the face of federal tax and funding uncertainty.

Tampa Bay area lost 6,700 construction jobs since August 2011 10/04/12 [Last modified: Thursday, October 4, 2012 10:31pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Pinellas construction licensing board needs to be fixed. But how?

    Local Government

    LARGO –– Everyone agrees that the Pinellas County Construction Licensing Board needs to be reformed. But no one agrees on how to do it.

    Rodney Fischer, former executive director of the Pinellas County Construction Licensing Board Rodney, at a February meeting. His management of the agency was criticized by an inspector general's report. [SCOTT KEELER   |   Times]

  2. New owners take over downtown St. Petersburg's Hofbräuhaus

    Retail

    ST. PETERSBURG — The downtown German beer-hall Hofbräuhaus St. Petersburg has been bought by a partnership led by former Checkers Drive-In Restaurants president Keith Sirois.

    The Hofbrauhaus, St. Petersburg, located in the former historic Tramor Cafeteria, St. Petersburg, is under new ownership.
[SCOTT KEELER  |  TIMES]

  3. Boho Hunter will target fashions in Hyde Park

    Business

    Boho Hunter, a boutique based in Miami's Wynwood District, will expand into Tampa with its very first franchise.

    Palma Canaria bags will be among the featured items at Boho Hunter when it opens in October. Photo courtesy of Boho Hunter.
  4. Gallery now bringing useful art to Hyde Park customers

    Business

    HYDE PARK — In 1998, Mike and Sue Shapiro opened a gallery in St. Petersburg along Central Ave., with a majority of the space dedicated to Sue's clay studio.

     As Sue Shapiro continued to work on her pottery in St. Petersburg, her retail space grew and her studio shrunk. Now Shapiro's is bringing wares like these to Hyde Park Village. Photo courtesy of Shapiro's.
  5. Appointments at Raymond James Bank and Saint Leo University highlight this week's Tampa Bay business Movers & Shakers

    Business

    Banking

    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. Jackson will oversee all of Raymond James Bank's operational business elements, risk management and strategic planning functions. Kackson joins Raymond James Bank after senior …

    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. [Company handout]