There will always be some wariness among those working in the American real estate sector, with the events of the housing bubble only a decade in the past. However, many industry developments have been positive in the last several years. Real estate's recent employment surge in Orange County, California, is a notable example of this.
According to The Orange County Register, real estate accounted for 19.5 percent of all jobs in the region during August 2017. This constitutes a notable increase from a year ago, when the field made up 18.8 percent of the county's employment.
Architectural and engineering firms, as well as local lenders, saw some of the field's biggest year-on-year employment jumps, with both trades adding 500 jobs between August 2016 and 2017. Meanwhile, building services created 300 new positions during the same period.
Construction, however, dwarfed all of those professions with its year-over-year addition of 6,100 jobs. The gains seen during August 2017 are the third consecutive jump in the field in as many months.
On a broader level, the entire U.S. construction industry did well in August. It added 28,000 jobs despite being stagnant in the past several months, more than any other sector except manufacturing, according to the Bureau of Labor Statistics.