Employment change. The number of wage and salary jobs in the construction industry is expected to grow 19 percent through the year 2018, compared with the 11 percent projected for all industries combined. Employment in this industry depends primarily on the level of new construction as well as renovation activity on older buildings, which is expected to increase modestly over the coming decade.

Residential construction is expected to grow moderately over the decade to meet the needs of a growing population. Particularly, as the oldest children of the baby boomers reach their peak house-buying years in the coming decade, demand for housing by them is expected to grow to meet their needs. Demand by an expanding older population for senior housing and healthcare residences will lead to growth in these areas. The renovation and expansion of older homes should prove relatively constant over the projection period.

read more at the Bureau of Labor Statistics.