At RNG, our team likes to keep a pulse on what is happening within the industries we recruit like the construction industry!
So here’s an in-depth look at the construction industry’s current state right here in Boise and Idaho. Get ready for an exciting story of growth for the construction industry that’s on the rise!
A Booming Industry Here In The Treasure Valley:
The Treasure Valley has seen remarkable growth in its construction sector. With a population of 48,520 individuals working in the construction and extraction industry (U.S. Bureau of Labor Statistics), it holds the seventh-highest population within the state. This alone speaks volumes about our region’s reliance on construction and the ample job prospects it presents.
Idaho’s Construction Industry on the Upswing:
According to Idaho Business Review, the construction industry in Idaho has practically doubled its employment from 2011 to 2021 – representing a 94% growth, equivalent to a remarkable 28,525 new workers. Such a surge in employment is the most substantial percentage increase across all industry sectors in Idaho.
Boise Metro Area’s Record Year:
The year 2022 marked a record year for the construction industry in the Boise metro area. Data from Dodge Data & Analytics reveals that the total value of construction projects started in the Boise-Nampa area last year reached a staggering $5.205 billion, representing an impressive 42.4% increase from 2021. The driving force behind this substantial growth can be attributed to various sectors:
- Office and Bank Buildings: A 540% increase in projects, with values soaring from $166 million in 2021 to $1.064 billion in 2022.
- Hotels: A significant boost from $14 million to $111 million, driven by the construction of notable projects such as the Hotel Renegade, Avery Hotel, and Hotel 43 renovation.
- Manufacturing Buildings: A remarkable increase from $27 million to $149 million. This indicates a growing demand for industrial space.
- Highways and Bridges: A substantial uptick in spending from $173 million to $382 million.
Start Recruiting for Operations, Management, Engineering and More For Your Construction Company
The Treasure Valley is undeniably experiencing a construction boom, and these statistics reveal the opportunities that lie ahead for job seekers in the industry! Whether you are a skilled laborer, project manager, architect, engineer, or anyone else looking to make a mark in construction, now is the time to explore the multitude of employment opportunities available.
If you’re looking to hire project managers, engineers, administration or other skilled professionals for your company, our recruiters are ready to help you recruit now.
Contact us now to get started!