The construction industry overall added 60,000 jobs in February, and wages for nonsupervisory positions saw the fastest rate of growth in 40 years, according to the US Bureau of Labor Statistics.

“Average hourly earnings in construction are up 6% on a year-over-year basis in February, the fastest pace since 1982,” Odeta Kushi, First American’s deputy chief economist, told Insider. “Attract and retain more builders and there will be more ground-breaking on new homes.”

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