Hispanic Construction Business Owners Increase - ProConstruction
Hispanic Construction Business Owners

Hispanic Construction Business Owners Increase

A recent National Association of Home Builders “Eye on Housing” report is pointing to a rise in the number of Hispanic construction business owners in all age groups. In 2012, there were 23 percent fewer construction business owners under the age of 25 than in 2007; 19 percent fewer aged 25 to 34; 22 percent fewer aged 35 to 44, and 13 percent fewer aged 45 to 54. In contrast, there were 14 percent more construction business owners aged 55 to 64 in 2012 than in 2007, and 21 percent more aged 65 or older.

White construction business owners

Looking at similar data by racial/ethnic groups shows that the number of white construction business owners declined in most age brackets during this period. In 2012, there were 28 percent fewer white construction business owners under the age of 25 than in 2007; 24 percent fewer aged 25 to 34; 25 percent fewer aged 35 to 44; and 17 percent fewer aged 45 to 54. Only two age brackets of white owners saw increases during this period: 12 percent more aged 55 to 64, and 20 percent more aged 65 and older. Overall, the number of white construction business owners fell 11 percent, from 2.2 million in 2007 to 2 million in 2012.

Hispanic construction business owners

On the contrary, the number of Hispanic construction business owners jumped 20 percent between 2007 (155,000) and 2012 (185,000). The number rose in every age bracket, according to the recent National Association of Home Builders “Eye on Housing” report. In 2012, there were 46 percent more Hispanic construction business owners under the age of 25 than in 2007; 5 percent more aged 25 to 34; 8 percent more aged 35 to 44; 27 percent more aged 45 to 54; 54 percent more aged 55 to 64, and 17 percent more aged 65 and older.


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