The apartment jobs market remained strong in the second quarter of 2022, because of the robust U.S labor market fueling apartment demand.
The National Apartment Association’s Education Institute Apartment Jobs Snapshot showed employers posted more than 41,600 multifamily openings in the second quarter.
Although the apartment market has begun to cool, job growth in the apartment industry has not, according to the report.
Apartment Job Growth To Continue
Postings for multifamily jobs are predicted to grow 1.3 percent year-over-year by the end of the 2022, outpacing competing sectors.
Though migration and household formation slowed down, labor force demand in the apartment sector remained solid in Dallas, Los Angeles, Phoenix, Seattle, and Denver.
Demand for both leasing and maintenance talent increased by 0.7 and 0.1 percentage points, respectively. In contrast, property management job openings declined by 1.1 percentage points.
Apartment employers published an average of three job postings for each open position.
About the numbers:
Industry projections are built from Lightcast final industry data. Industry data comes from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW) dataset, plus some supplemental datasets that provide information for industries not covered by QCEW. NAA Research also in addition to Lightcast and Bureau of Labor Statistics. Job postings as of June 30, 2022.