FOUNDATIONS NEWSLTR DECEMBER

DEC 2023

1 | FOUNDATIONS NEWSLTR

ROCHESTER AREA BUILDERS, INC.

ROCHESTER AREA BUILDERS

C O N T I N U I N G

DETAILS ON PAGE 11

2 | DECEMBER 2023

2023 AUGUST MEMBERSHIP REPORT Membership Total: 405 Retention rate: 92.8%

STAFF

Patrick Sexton, Executive Director Pat@RochesterAreaBuilders.com Shelly Bahlmann, Publications & Special Events Director Shelly@RochesterAreaBuilders.com Awards, Golf Outing, Sporting Clays, Home Show, Newsletter, Showcase Magazine, RAB Update, Member Plus App & RAB Events App & Website Mike Peck, Member & Community Engagement Director Mike@RochesterAreaBuilders.com Ambassadors, Builders, Bags & Brews, Commercial Builders Council, Community Relations, , Membership, Program, Remodelers Council, Remodelers Tour & 40 Below Amber Luhmann, Planroom Director Amber@RochesterAreaBuilders.com Builders Exchange Trustees, Education, & Showcase

BOARD OF DIRECTORS PRESIDENT

Jason Scrimshaw, Kimley-Horn & Associates, Inc.

VICE PRESIDENT

Adam Giannini, Knutson Construction

SECRETARY

Jennifer Mitchenll, Edina Realty

TREASURER

Vanessa Hines, Widseth

PAST PRESIDENT

Becky Holmen, Haley Lighting

DIRECTORS

Derrick Chapman, Schmidt Carpentry Adam Kramer, Kramer Contracting Jarett Jones, Merchants Bank Aaron Thompson, The Design Connection Austin Ryan, Ryan Windows & Siding Kelsey Vaszily, Kraus-Anderson Construction Melissa Barbour, TLS Companies, LLC Joe West, Valor Mechanical Julie Herrera-Lemler, Rochester Area Economic Development, Inc. (RAEDI) / SBDC

BUILDERS EXCHANGE COUNCIL CHAIR

Katie Reinhart, Kraus-Anderson Construction

COMMERCIAL BUILDERS COUNCIL CHAIR Keith Kranz, LVC Companies

DEVELOPMENT COUNCIL CHAIR TBD

REMODELERS COUNCIL CHAIR Becky Holmen, Haley Lighting

40 BELOW CHAIR

Adam Giannini, Knutson Construction

NATIONAL LIFE DIRECTORS

Steve Buss, Cornerstone Builders & Real Estate, Inc.

NATIONAL DIRECTORS

Dana Hlebichuk, Widseth Levi Kaiser, Benike Construction (Rep) Todd Severson, TLS Companies, LLC

STATE DIRECTORS

Mike Allen, Mike Allen Homes, LLC Jay Burke, Heartwood Homes Jean DeWitz, DeWitz Home Builders, Inc. Kathy Einck, Maplewood Homes, LLC (Rep) John McGuine, JM Consulting John Eckerman, RSP Architects Kenneth Bush, Bush Companies

MISSION STATEMENT The Rochester Area Builders, Inc, chartered in 1953, is a professional organization of commercial & residential builders, remodelers, developers and associated businesses dedicated to advancing the building industry in Southeast Minnesota.

We are the trusted voice of the industry, providing leadership, education, networking, and information resources to our members, community and government officials.

3 | FOUNDATIONS NEWSLTR

TABLE OF CONTENTS 02

Staff and Board of Directors

05

RAB Yearly Calendar at a glance

06

RAB November Calendar

07

Welcome New Members

07

Holiday Party Beverage Wall

08

RAB Staff Announcement

09

Networking Night Recap

11

Continuing Education Classes

12

Home Size Trending Lower Eye on Housing

14

Sales Weaken Eye on Housing

16-17 Permits 18

Employment Situation Eye on Housing

MAYO CLINIC - UNBOUND On Tuesday, Mayo Clinic publicly announced the details of their Bold.

Forward. Unbound. initiative, a $5 billion building project to reshape how health care is delivered. It will also reshape downtown Rochester, dramatically changing the area immediately west of Gonda as the graphics attached show.

Managed by Gilbane, the centerpiece will be a new building on the site of the current Ozmun Building. The Post Bulletin has an informative article.

While this is a new and exciting project, the other work (remodeling office space, building housing, etc.) in Rochester and the surrounding area must continue as well. In the weeks and months ahead, RAB will be meeting with Mayo Clinic and Gilbane to discuss what role our members might play in helping to deliver this generational project.

Unbound Frequently Asked Questions

4 | DECEMBER 2023

FROM THE PRESIDENT from 6:00 - 9:00 pm at the Hilton Hotel. It’s the perfect opportunity to celebrate the season with fellow members. I encourage you to register online HERE or call the RAB office at 507-282-7698. This year, we’re adding an exciting twist with a ‘beverage wall.’ Attendees will have the chance to purchase tickets to win the beverage of their choice, and the funds raised will go towards increasing the level of scholarships awarded in the spring of 2024.

JASON SCRIMSHAW President Rochester Area Builders, Inc

As we approach the end of the year, I want to extend my warmest wishes to each and every one of you. I hope you had a joyous Thanksgiving holiday and took some welldeserved time to recharge and be with loved ones.

I am excited to share some staffing updates with you. Pat, Shelly, and the Board has been working diligently, and we’re pleased to announce the addition of Michael Peck as our new Member & Community Engagement Director and Amber Luhmann as our Planroom Director. Michael and Amber are great new additions to the team, and we are confident that they will contribute significantly to the stability, growth and success of our Association. I encourage all members to take a moment to introduce yourselves to Michael and Amber at our upcoming networking events.

Speaking of which, mark your calendars for our annual holiday party on December 8th

Looking ahead, don’t miss the chance to showcase your talents at the 2024 Home Show! Booth registration is now open for this fantastic event, taking place on February 2nd, 3rd, and 4th. It’s a prime opportunity to connect with prospective clients, colleagues, and teaming partners. Secure your spot early and make the most of this valuable experience.

As my term as president comes to a close, I want to express my gratitude for the privilege of serving you all. It has been a truly rewarding experience, and I have complete confidence in the continued success of the Rochester Area Builders Association under the continued leadership of Adam Giannini, the Board, and our dedicated members.

Thank you for your ongoing support, and I look forward to seeing you at the holiday party and many more events to come.

Warm regards,

Jason Scrimshaw, P.E. Kimley-Horn 2023 RAB President

5 | FOUNDATIONS NEWSLTR

Rochester Area Builders 2023-2024 Calendar of Events

DECEMBER 8 25-26

Holiday Party @ The Hilton Office Closed – Christmas Holiday

JANUARY - 2024 1 23

TBD

Office Closed - Holiday General Membership Meeting @ Dan Abraham Healthy Living Center Continuing Educaiton Class @ Haley Comfort Systems

FEBRUARY 02-04 23 27 27-29

Home Show @ Mayo Civic Center Continuing Educaiton Class @ Haley Comfort Systems Networking Night @ Modern Design Cabinetry International Builders Show @ Las Vegas, NV

MARCH TBD 26

BAM Building Industry Day at the Capitol Networking Night @ The Pinske Edge

APRIL 20-21 27-28 30

SEPTEMBER

Office Closed – Memorial Day

OCTOBER

RAB Golf Outing @ Willow Creek Golf Course Networking Night @ Top Shop

29

Office Closed for Independence Day NAHB Mid-Year Board Meeting – TBD Member Appreciation Night @ TBD

Office Closed – Labor Day Sporting Clay Shoot Sporting Clay Youth Shoot Remodelers Tour & Fall Showcase of Homes General Membership Meeting @ TBD Fall Showcase of Homes

Networking Night @ Raegan Outdoors

NOVEMBER 28-29 TBD

JULY 4 TBD 30

Builders, Bags & Brews @ LTS Brewing Co. Networking Night @ Carpet One

2 19 21 21-22 24 28-29

JUNE 6 25

TBD 27

Spring Showcase of Homes Spring Showcase of Homes Networking Night @ Hamernick’s Flooring Solutions

MAY 27

AUGUST

Office Closed – Thanksgiving Holiday Past Presidents Dinner

DECEMBER 6 25-26

Holiday Party @ TBD Office Closed – Christmas Holiday

6 | DECEMBER 2023

Sunday

December 2023

Monday

3

Tuesday

Wednesday

4 12:00 PM Government Affairs Committee

10

5 8:30 AM Remodelers Council Exec.

Thursday

6 7:30 AM CBC Exec Meeting

Friday

7 11:30 AM Program Committee

Saturday 1

2

8

9

6:00 PM RAB Holiday Party

11:30 AM Exec. Committee

11

12

13

14

15

16

20

21

22

23

28

29

30

3:30 PM Board Meeting

17

18

19

11:30 AM Home Show Committee

11:30 AM Ambassadors/ Membership Committee 4:30 PM 40 Below Exec Committee

24

25

26

27

Happy Holidays

3:00 PM Development Services Advisory Committee

31

11:30 AM Community Relations Committee

7 | FOUNDATIONS NEWSLTR

WELCOME NEW MEMBERS NOVEMBER 2023

Architechne

Evenson Concrete Systems

Shane Orndorff Audio/Video 612.364.3146 www.architechne.net

Brad Hoffmann Concrete Contractor 507.387.3660 evensonconcrete.com

2023 RAB

Holiday Party

Support the “Beverage Wall” at the Holiday Party!

Guests who attend on Friday, December 8th, will have the opportunity to purchase tickets to win the beverage of there choice, soda, coffee, hard liquor, wine or beer. The Funds raised will go to increasing the dollars in scholarships awarded in the spring of 2024. Tickets are $10 each. Pre-sales are available online or cash or check at the event.

How can you help? If you would like to donate a fun basket, bottle of wine, a growler/bomber/4 or 6pk of craft beer, coffee, soda or liquor. Please deliver your donation to the RAB office with your business card attached. Please drop off no later than Wednesday, December 6th.

Contact Shelly or Mike for more information.

8 | DECEMBER 2023

ROCHESTER AREA BUILDERS WELCOMES NEW STAFF Rochester Area Builders is proud to announce the addition of Michael Peck as the Member & Community Engagement Director and Amber Luhmann, Planroom Director.

Mike joins the team after many years in the emergency vehicle industry. The emergency vehicle industry was a great learning experience and I can’t thank my customers, colleagues and mentors enough for everything they taught me. After years of traveling for his career, he is excited to be able to spend more time at home with his two kids, Lucy & Cooper at their home in Kasson.

Mike is eager to get out and meet with all of RAB’s members to listen and find more ways to provide value to each member.

“Not every member is the same with their needs from RAB and I am excited to be a trusted resource for our members in the building industry.” Mike has big shoes to fill as he takes over for Rebekah Fierst, after her 20 year career at RAB. Mike is excited to build off of the amazing work that Rebekah and the entire RAB team has already accomplished. You can contact Mike at Mike@RochesterAreaBuilders.com Amber has spent the last 6 years learning everything there is to know about the Healthcare administration industry – from Onboarding and maintaining a staff of 200 to Credentialing all licensed staff for smooth-lined billing processes. Amber is currently applying this knowledge in her role as Planroom Director for The Builders Exchange where she will be responsible for the Virtual Planroom, new BER Members and updating the database information on the BER website. You will also see her helping with several Rochester Area Builders events.

When time allows it I enjoy kayaking, jigsaw puzzles (not the ones that are half blue sky though!!) and tinkering with DIY projects although not very creative.

The construction family has been warm and inviting and I cannot wait to soak it all in! You can contact Amber at Amber@RochesterAreaBuilders.com

9 | FOUNDATIONS NEWSLTR

Thank you F&M Community Bank for hosting the October Networking Night. Lots of great conversation and networking were had by all.

10 | DECEMBER 2023

ARE YOU A FEMALE IN THE CONSTRUCTION INDUSTRY LOOKING FOR A FUN, SUPPORTIVE GROUP?

JOIN NAWIC TODAY! For more than 55 years, NAWIC has helped women take advantage of the opportunities in construction. Whether you want to embark on a new career, grow your business, establish a reliable networking base, become a mentor/mentee, make a difference in your community, continue your education, or invest in great friendships with other women in the industry NAWIC offers a variety of opportunities — large and small.

Up to $8,000 in scholarships are available from NAWIC SEMN Chapter 346!

WHY JOIN NAWIC?

Be part of a network of like-minded women Learn about technical & leadership skills Educational opportunities Networking

WHO SHOULD JOIN? Home Builders & Remodelers Architects & Engineers Consultants Commercial GCs Residential Construction Specialty Contractors Labor Unions Merit Shops

ROLES THEY FILL

Safety managers Project & Office Assistants Estimators Interior Designers Business Development Marketing Crew Members

NAWIC SEMN Chapter 346 based out of Rochester is 45+ members strong!

FOR MORE INFO & TO JOIN TODAY, VISIT

11 | FOUNDATIONS NEWSLTR

2024 CONTINUING EDUCATION Residential Building Contractors & Building Officials

FEBRUARY 23RD 8AM-4PM

JANUARY 24TH 8AM-4PM

RAB MEMBERS

NON MEMBERS

DEADLINE FOR REGISTRATION: FEBRUARY 19, 2024

DEADLINE FOR REGISTRATION: JANUARY 17, 2024

$89 / 7 Hour Course

$109 / 7 Hour Course

ALL REGISTRATION INFORMATION AVAILABLE HERE HOST SPONSOR: EDUCATION SPONSORS:

minnesota

97.5

greatest hits

Questions Contact Amber 507.282.7698 or Amber@RochesterAreaBuilders.com

12 | DECEMBER 2023

HOME SIZE TRENDING LOWER

BY ROBERT DIETZ on NOVEMBER 22, 2023

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.

According to third quarter 2023 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area came in at 2,221 square feet, close to the lowest reading since the end of 2010. Average (mean) square footage for new single-family homes registered at 2,430 square feet.

Since Great Recession lows (and on a oneyear moving average basis), the average size of a new singlefamily home is now more than 2% higher at 2,442 square feet, while the median size is more than 5% higher at 2,216 square feet.

Home size rose from 2009 to 2015 as entrylevel new construction lost market share.

Home size declined between 2016 and 2020 as more starter homes were developed.

After a brief increase during the post-covid building boom, home size is trending lower and will likely do so as housing affordability remains constrained.

13 | FOUNDATIONS NEWSLTR

14 | DECEMBER 2023

NEW HOME SALES WEAKEN IN OCTOBER

BY ROBERT DIETZ on NOVEMBER 27, 2023

Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October.

Sales of newly built, single-family homes in October fell 5.6% to a 679,000 seasonally adjusted annual rate, following a notable downward revision in September, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in October was up 17.7% from a year ago.

Despite the challenging conditions, sales are up 4.6% on a year-to-date basis due to a lack of inventory in the resale market.

Median new home prices have moved lower as new home size has decreased in 2023. Combined with sales incentives and a lack of resale inventory, demand has remained solid in 2023 and should improve in 2024 as interest rates move lower.

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. In addition to adjusting for seasonal effects, the October reading of 679,000 units is the number of homes that would sell if this pace continued for the next 12 months.

New single-family home inventory in October increased to the highest level since January, up 8.3% from the previous month, to 439,000. This represents a 7.8 months’ supply at the current building pace. A measure near a 6 months’ supply is considered balanced. Of total inventory, including new and existing homes, newly-built homes made up 30% of all single-family homes available for sale in October – compared to a 12% historical average.

The median new home sale price in October was $409,300, down 3.1% from September, and down 17.6% compared to a year ago. Pricing is down both due to builder incentive use and a shift towards building slightly smaller homes. As a result, 33% of sales were priced between $300,000 to less than $400,000, compared to a year ago when just 20% of sales were in that range.

Regionally, on a year-to-date basis, new home sales are up 9.5% in the Northeast, 5.8% in the South and 2.5% in the West, while sales are down 0.3% in the Midwest.

15 | FOUNDATIONS NEWSLTR

HAPPY HOLIDAYS

bankonONB.com

16 | DECEMBER 2023

ROCHESTER BUILDING PERMITS

OCTOBER 2023

NEW RESIDENTIAL

2023

VALUATION

2022

VALUATION

2023 NO.

VALUATION

2022 NO.

VALUATION

BUILDING PERMITS ISSUED TO DATE

2007

457,072,138

1871

491,438,107

0

Single Family Dwelling

189

71,810,025

148

59,836,836

0

0

0

0

0

Multi-Family Buildings Total Units: 545

6

85,849,000

24

97,921,858

387,290

24

295,837

TRADE PERMITS ISSUED TO DATE

8842

121,677,895

8448

142,505,359

3460

53,044,626

3294

66,146,619

Single Family Dwelling

34

11,125,081

13

5,520,946

Townhome Dwelling

0

0

1

400,000

Two-Family Houses

0

0

0

Manufactured Home

0

0

Multi-Family Bldgs (Units)

0

27

EXISTING RESIDENTIAL Deck Addition

YEAR TO DATE STATISTICS

Room Addition

1

80,000

6

295,525

Electrical

Porch Additions

1

5,000

4

170,000

Electrical (Temp. Service)

178

55,375

184

121,350

Other Additions

2

27,000

2

30,500

Mechanical (HVAC)

2272

37,021,936

2326

37,647,115

629

1,073,655

473

926,156

Basement Finish

17

455,570

16

276,635

Mechanical (Gas Piping)

Alterations

79

1,373,587

88

1,106,924

Mechanical (Fireplace)

248

1,025,337

241

1,185,446

Mechanical (Hydronic)

149

9,285,573

188

14,619,355

Plumbing

1906

20,171,393

1742

21,859,318

TOTAL PERMITS YTD

10849

578,750,033

10319

633,943,466

Multi-Family Addition

2

2,100

0

0

Multi-Family Alterations

8

180,933

22

614,475

NEW COMMERCIAL Assembly (Church)

0

0

0

0

Assembly (General)

0

0

1

351,752

Assembly (Restaurant/Bar)

0

0

0

0

Business

0

0

1

4,054,649

Education

0

0

0

0

Factory/Industrial

0

0

0

Institution

0

0

0

TCPA BUILDING PERMITS

JUNE 2023

NUMBER

VALUATION

Cascade Township

8

600,000

Dover Township

2

26,000

Elimira Township

0

0

0

Haverhill Township

5

136,000

0

High Forest Township

Mercantile

0

0

0

0

Kalmar Township

Miscellaneous

0

0

0

0

New Haven Township

Residential (Apartment)

0

0

0

0

Orion Township Pleasant Grove Township

Residential (Care/Assisted Living)

0

0

0

0

Residential (Care/Hotel/Motel)

0

0

0

0

Storage (General)

0

0

0

0

Storage (Parking Garage)

1

375,000

0

0

Storage (Warehouse)

0

0

0

0

Utility (General)

0

0

0

0

Utility (Private Garage)

0

0

0

0

Addition

4

334,285

0

0

Alterations

33

9,023,124

29

14,305,364

Structural Shell

0

0

0

0

“White Box”

0

0

0

0

Interior Demolition Only

0

0

0

0

Other Phased Permits

0

0

0

0

Business Signs

10

171,671

10

74,594

Advertising Signs

0

0

0

0

Footings & Foundations

0

0

9

N/A

Demolition

1

0

2

N/A

EXISTING COMMERCIAL

OTHER CONSTRUCTION

TE9S A PD 4 1

N

OU

4,500 859,000 71,000

1

44,000

1

0

Rochester Township

6

646,000

Rock Dell Township

1

0

Salem Township

8

228,000

Viola Township

1

0

17 | FOUNDATIONS NEWSLTR

OLMSTED COUNTY PERMITS YTD

September 2023

NEW RESIDENTIAL

2023

Single Family-Detached

30

11,742,560

42

18,301,024

Single Family-Attached

2

689,195

18

4,834,625

Garage

21

1,804,286

26

2,086,429

34

209,774

43

268,465

VALUATION

2022

RESIDENTIAL Deck Addition

10

810,989

19

1,801,300

Alterations

358

6,194,183

256

4,582,184

7

702,266

3

164,894

Garage Addition

NEW COMMERCIAL/INDUSTRIAL Recreational

0

0

0

0

Church/Religious

0

0

0

0

Industrial/Warehouse

0

0

4

2,644,959

Service/Repair Station

0

0

2

3,041,530

Store/Restaurant

0

0

1

78,552

Nonresidential Building

2

1,800,890

1

616,530

COMMERCIAL/INDUSTRIAL

2023

VALUATION

2022

VALUATION

Addition

3

12,084,022

0

0

Alterations

20

1,296,667

20

4,535,343

Re-roofing

2

110,000

3

286,563

Pool, Retaining Wall, etc.

24

1,374,134

16

630,110

Manufactured Homes

3

0

22

0

OTHER STRUCTURES

MISCELLANEOUS PERMITS Mechanical

221

1,159,642

189

1,266,227

Plumbing

71

349,417

79

286,664

812

41,958,858

746

64,429,532

TOTAL PERMITS

CD Report

VALUATION

BUILDING DIVISION Commercial building plans submitted

Residential building plans submitted

Commercial inspections completed

13

94

2023: 875 *Avg: 832

Residential inspections completed

YTD NEW Housing Units

Residential plan review time

Commercial plan review time

2023: 1,791 *Avg: 1,643

2023: 683 *Avg: 657

4 Weeks

1 Weeks

YTD Residential permits issued

YTD Commercial permits issued

YTD Trade permits issued

2023: 1,268 *Average: 1,151

2023: 324 *Average: 267

2023: 7,808 *Average: 7,500

YTD Residential valuations

YTD Commercial valuations

YTD Alterations valuations

YTD Trade valuations

2023 $143,523,664 *Average $129,186,735

2023 $48,999,200 *Average $95,384,577

2023 $255,538,007 *Average $128,873,494

2023 $116,526,666 *Average $98,467,758

OLMSTED COUNTY PERMITS TOWNSHIPS/CITY

OCTOBER 2023

2023

VALUATION

2022

VALUATION

City of Byron

40

3,695,332

28

2,717,310

Eyota Township

1

40,239

2

233,679

Marion Township

22

622,909

16

1,092,113

Oronoco Township

10

247,291

19

215,291

City of Stewartville

29

288,668

26

1,928,747

Quincy Township

0

0

1

17,000

PINE ISLAND BUILDING PERMITS OCTOBER 2023 NEW RESIDENTIAL

NUMBER

VALUATION

Single Family Detached

0

0

Single Family Attached

0

0

Basement Finish

1

NO INFO

Deck Addition

1

3,000

Existing Residential

PLANNING DIVISION

YTD Building permit plans reviewed

YTD Zoning Certificates submitted

YTD Type I Applications submitted

2023: 1,592 *Average: 1,418

2023: 82 *Average: 92

2023: 66 *Average: 59

YTD Type II Applications submitted

YTD Type III Applications submitted

2023: 9 *Average: 4

2023: 30 *Average: 63

*Average based on 2020, 2021, 2022 * Due to report timing, the Community Development Report is a month late.

18 | DECEMBER 2023

EMPLOYMENT SITUATION IN OCTOBER: STATE-LEVEL ANALYSIS

BY DANUSHKA NANAYAKKARA-SKILLINGTON on NOVEMBER 20, 2023 Nonfarm payroll employment increased in 25 states in September compared to the previous month, while 22 states lost jobs. The District of Columbia, North Dakota, New Mexico, and Virginia reported no change.

According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 150,000 in October, following a gain of 297,000 jobs in September.

On a month-over-month basis, employment data was strong in California, which added 40,200 jobs, followed

by Florida (+28,400), and Washington (+7,900). Twenty-two states lost a total of 104,300 jobs with New York reporting the steepest job losses at 22,700. In percentage terms, employment in Alaska increased by 0.5% while Maryland reported a 0.4% decline between September and October.

Year-over-year ending in October, 2.9 million jobs have been added to the labor market. Except for Rhode Island, all the other states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 391,500 jobs in Texas to 400 jobs added in Mississippi. Rhode Island lost 2,500 jobs on a year-overyear basis. In percentage terms, Idaho reported the highest increase by 3.5%, while Rhode Island decreased by 0.5% compared to a year ago.

Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 22 states reported an increase in October compared to September, while 24 states lost construction sector jobs. New Jersey and Vermont reported no change on a month-over-month basis. Ohio added 6,000 construction jobs, while Tennessee lost 2,900 jobs. Overall, the construction industry added a net 23,000 jobs in October compared to the previous month. In percentage terms, Kentucky increased by 2.6% while Rhode Island reported a decline of 4.5% between September and October.

Year-over-year, construction sector jobs in the U.S. increased by 219,000, which is a 2.8% increase compared to the October 2022 level.

California added 21,000 jobs, which was the largest gain of any state, while Colorado lost 7,200 construction sector jobs. In percentage terms, Kentucky had the highest annual growth rate in the construction sector by 14.9%. Over this period, North Dakota reported a decline of 8.5%.

19 | FOUNDATIONS NEWSLTR

20 | DECEMBER 2023

21 | FOUNDATIONS NEWSLTR

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22 | DECEMBER 2023

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23 | FOUNDATIONS NEWSLTR

Reach

Qualified Customers

Advertise on the RAB Website!

More than 3,000 people visit the RAB website each month, many of them looking for a contractor. Advertise on our site and reach them when they’re primed to buy! Banner ads are available in a variety of locations on the RAB site, from job posts to the contractor directory.

Higher tiers come with priority placement in directory search results too. Contact us today to learn how you can start advertising, starting at $299.

Contact Rochester Area Builders Shelly@RochesterAreaBuilders.com or 507-282-7698

24 | DECEMBER 2023

FOUNDATIONS NEWSLETTER ADVERTISING Rochester Area Builders Newsletter is an unbeatable opportunity to advertise to members and individuals associated with RAB. It is a source of valuable association and industry information, and is published and emailed monthly. Foundations is sent to over 1600 connected industry professionals.

Ad sizes are listed under Display Ad Dimensions, and prices are located above.

Ads may be changed from month to month.

Our prices are for full color ads. We will gladly work with you to design your ad.

Please send digital files for all ad copy, logos, and artwork. We use PC format.

We accept Illustrator and Photoshop files.

Convert all fonts to outlines. We also accept the following high resolution file types: .tif, .eps and .pdf (with all graphics and fonts embedded). If you have any other formats please contact us.

RETURN TO: ROCHESTER AREA BUILDERS

Shelly Bahlmann Shelly@RochesterAreaBuilders.com 108 Elton Hills Ln NW Rochester, MN 55901 507-282-7698

Newsletter Advertising Rates

Per Issue

12 Issues

New Member 12 Issues

Full color 1/2 Horizontal

c $70.00

c $650.00

c $490.00

Full color Full Page

c $90.00

c $900.00

c $675.00

Full Color Full Page Press Release

c $25.00

Newsletter Display Ad Dimensions 1/2 Horizontal Full

8-1/2 x 5-1/2 8-1/2 x 11

Send artwork to Shelly@RochesterAreaBuilders.com by the 15th of the month to be included in the upcoming Foundation Newsletter.

25 | FOUNDATIONS NEWSLTR

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26 | DECEMBER 2023

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