NAICS 23

Construction in New Haven, CT

Metro Market Score 59.5 (Challenging), ranked #281 of 342 metros. 1,350 establishments, 10,230 jobs.

Metro Market Assessment

Metro Market Score 59.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

Construction employment in New Haven contracted year-over-year, placing the growth trend in the bottom quartile at 0.6. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.

Industry Concentration
11.4
LQ: 0.69
Rank #39 of 342 metros
Wage Competitiveness
85.7
$83,864 avg wage
Growth Trend
↓ 0.6
Employment growth index
Rank #341 of 342 metros
Wage Pressure
26.9
YoY wage change index

1,350 Construction Firms in New Haven

1,350
Establishments
-34.1% YoY
10,230
Total Employment
-30.5% YoY
$83,864
Average Annual Wage
+1.6% YoY
0.69
Location Quotient
Below national avg

New Haven vs Connecticut Statewide

How this metro's construction market compares to Connecticut overall. The state ranks #27/51 for entry risk.

Measure New Haven CT Statewide
Overall Score 59.5 Challenging 43.2 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #281 of 342 metros #27 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in New Haven

Accommodation and Food Services 67.6 Retail Trade 71.5 Finance and Insurance 74.6 Real Estate and Rental and Leasing 75.1 Information 75.3 Professional, Scientific, and Technical Services 78.5 Other Services 80.3 Healthcare and Social Assistance 80.3 Administrative and Support Services 86.9

Construction in Other Connecticut Metros

Hartford-West Hartford-East Hartford 52.3 #217/342 Norwich-New London-Willimantic 53.4 #230/342 Waterbury-Shelton 56.6 #262/342

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For New Haven's construction sector, the employment growth component (99.4) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.