Last month we reported that despite a shortage of workers, construction employment continues to rise. Now Reuters is reporting that homebuilders are experiencing a shortage of workers at all levels. Citing data from the NAHB and the DOL, they report that there are over 200k unfilled construction jobs nationwide – an 81% increase in the past two years and the highest level of unfilled jobs since 2007. The labor shortage is contributing to rising costs and possibly slowing down construction.
“The labor shortage is getting worse as demand is getting stronger,” said John Courson, chief executive of the Home Builders Institute, a national nonprofit that trains workers in the construction field.”
Click here to read “Construction worker shortage weighs on hot U.S. housing market.”
Click here to read “Job Openings and Hiring Increase in Construction,” on the NAHB’s Eye on Housing.
