DWM
© 2018 Copyright Key Media and Research All rights reserved. 
No reproduction of any type without expressed written permission.

46
Door & Window Market www.dwmmag.com
N
ew home sales rose
8.3 percent in 2017
to 608,000 units,
according to data from
the U.S. Department
of Housing and Urban
Development and the
U.S. Census Bureau.
That’s compared to a
12.2-percent increase in
2016 to 563,000 units,
which was the highest
annual rate since 2007.
HOUSING
New Home Sales Rose
8.3 Percent Overall in 2017
Industry
Indices
LABOR
Survey: Most Construction Firms Plan to Expand Headcount in 2018
Contractors are optimistic that the industry’s economic outlook in 2018 will remain strong as tax rates and regulatory
burdens fall, according to survey results released by the Associated General Contractors of America (AGC of America) and
Sage Construction and Real Estate.
However, many firms report they remain worried about workforce shortages.
Association officials noted that 75 percent of firms say they will increase their headcount in 2018, up slightly from 73
percent last year. Most of the hiring will only expand headcounts by a slight percentage per firm, however. Half of firms
report their expansion plans will only increase the size of their firm by 10 percent or less. Meanwhile, only 5 percent of
firms report plans to expand their headcount by more than 25 percent above their current size. Only 3 percent of respon
-
dents expect to reduce headcount, down from 6 percent last year.
y
Source: U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
2016
2017
01
00,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000
608,000 units
563,000 units
SOLD
U.S. New Home Sales
What NUMERICAL change do you expect in your
headcount in 2018?
What PERCENTAGE change do you expect in your
headcount in 2018?
When it comes to hiring key salaried positions (supervisor, estimator, etc.)
and hourly craft worker positions (carpenter, laborer, etc.), my firm is:
0% 10% 20% 30%40% 50%60%
0% 10% 20% 30%40% 50
%6
0%
0% 10% 20% 30%40% 50%60%
More than 25
11-25
1-10
No change
Decrease
More than 25%
11-25%
1-10%
No change
Decrease
Having difficulty filling both salaried and craft worker positions
Having difficulty filling some salaried positions, but no trouble filling craft worker positions
Having difficulty filling some craft worker positions, but no trouble filling salaried positions
Having no trouble filling any positions
Not doing any hiring
18%
17 %
40%
22%
3%
5%
21%
3%
50%
21%
50%
7%
21%
9%
10%
Source: Associated General Contractors of America
(AGC of America) and Sage Construction and Real Estate

DWM
© 2018 Copyright Key Media and Research All rights reserved. 
No reproduction of any type without expressed written permission.