The Strength of the Construction Trades

When you look at the largest single vertical in the construction space, it's single fam. And single fam is in cyclical decline. It is down and out. So this goes to the fact the construction employment and construction trades is basically flat. But some parts of the construction trades is still adding, they're still adding to payrolls and offsetting the job loss that's occurring in single fam. 100%. Okay. Well, I guess a caveat there. There's still quite a pipeline of homes that are under construction, right? So could there be just some lag effect here? We need to finish off some of the projects and then you might see a wave of lay officer. Yeah.