CONSTRUCTION EMPLOYMENT DECLINES IN 160 OUT OF 337 METRO AREAS BETWEEN SEPTEMBER 2011 AND 2012; HURRICANE RECONSTRUCTION UNLIKELY TO ALTER BROADER MARKET TRENDS

WASHINGTON, D.C. – October 30, 2012 – (RealEstateRama) — Construction employment declined in 160 out of 337 metropolitan areas between September 2011 and September 2012, increased in 125 and was stagnant in 52, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that construction employment in many areas continued to decline as construction activity is put on hold amid uncertainty about federal tax and investment programs and declining public sector demand.