Tag Archive for ‘labor shortage’

Labor Shortages Still Hurting Affordability

Labor and subcontractor shortages remained widespread in July of 2019 and are continuing to impact the industry in a number of ways—including putting additional upward pressure on new home prices— according to results from special questions on the survey for the NAHB/Well Fargo Housing Market Index (HMI).  In July, the HMI survey asked builders specifically about shortages in 16 different occupations. … Read More ›

For Remodelers, Shortages of Skilled Labor Remain Elevated

In response to NAHB’s Remodeling Market Index (RMI) survey for the 3rd quarter of 2018, roughly 85 percent of remodelers reported shortages of workers available to perform finished or rough carpentry, and nearly half (48 percent) classified the shortage of finished carpenters as serious.  Although these percentages are down slightly from a year earlier, they remain seriously elevated. The RMI… Read More ›

Labor and Subcontractor Costs Outpacing Inflation, Raising Home Prices

Last Thursday’s post reported on the record share of single-family builders reporting shortages of labor and subcontractors.in the July survey for the NAHB/Well Fargo Housing Market Index. The same survey asked builders about the effects the shortages were having on their businesses.  The most widespread effects were causing builders to pay higher wages/subcontractor bids (reported by 84 percent of builders),… Read More ›

Reported Shortage of Rough Carpentry Contractors Hits Record 90 Percent

Labor and subcontractor shortages became even more widespread in July of 2018 than they were a year earlier, according to single-family builders who responded to special questions on the survey for the NAHB/Well Fargo Housing Market Index. The July 2018 survey asked builders about shortages in 15 specific occupations that were either recommended by Home Builders Institute or other key… Read More ›

For Remodelers, Labor Shortages Resume Aggravating Trend

Ninety-one percent of remodelers reported shortages of labor available to perform finished or rough carpentry work, and over 40 percent said these shortages were serious, in response to special questions on NAHB’s Remodeling Market Index (RMI) survey for the 3rd quarter of 2017. The RMI survey asked remodelers about availability of labor in 15 specific occupations that were either specifically recommended by Home Builders… Read More ›

Concentration of Immigrant Workers across Construction Occupations

As the housing industry gains momentum and the demand for workers increases, labor shortages top the list of the crucial impediments to robust housing recovery. As native-born workers are slow to return to the construction industry, the role and share of foreign-born workers has been rising since the housing recovery got underway. Immigrant workers now account for close to one… Read More ›

California, Texas, and DC Most Reliant on Immigrant Construction Workers

Earlier this month, we published a post highlighting the rising share of immigrant workers in construction. Immigrant workers now account for close to one in four workers, the highest share recorded by the American Community Survey (ACS). In some states, reliance on foreign-born labor is even more pronounced with immigrants comprising more than 40% of the construction labor force. Traditionally,… Read More ›

One-Person Construction Trade Firms

From the trough of the housing downturn in 2010 through 2015, the number of homes under construction increased by 131 percent and the number of employees working in construction trade businesses increased by 18 percent.  Over that span, how much would you guess the number of one-person construction trade firms increased?  The answer, believe it or not, is not at all. … Read More ›

Reluctant Return of Native-Born Construction Workers Drives the Immigrant Share Up

New NAHB research shows that the share of foreign-born workers in the US construction labor force has been rising since the housing recovery got underway. Immigrant workers now account for close to one in four workers, the highest share recorded by the American Community Survey (ACS). The time-series analysis shows that the rising share of immigrants in construction cannot be… Read More ›

Construction Trades: A Step on the Path Toward Higher Paying Jobs

A recent NAHB study identifies eight senior positions at home building companies that are often to nearly always filled by someone with experience in one or more of the construction trades.  Average annual compensation (salary and bonus combined) for each of the eight positions is at least $80,000—at least $100,000, if the position is Head/Director or above of one of… Read More ›