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Housing Starts Slumped in November Despite Retreating Mortgage Rates

Pro Builder

Though NAHB predicts that weaker housing conditions will persist in 2023, a market correction could lead to major price reductions and a subsequent boost in buyer demand. Much like new housing starts, building permits also suffered a tough blow in November, dropping 11.2% New-Construction Projects. Planning + Development. Affordability.

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HBI President Ed Brady’s Call to Action to Solve the Construction Industry’s Labor Shortage

Pro Builder

At the International Builders’ Show (IBS) in Orlando last month, Ed Brady, president of the Home Builders Institute (HBI)—the educational arm of the national Association of Home Builders ( NAHB )—led the call to action for solving the housing industry’s chronic skilled labor shortage. . 2022 Housing Forecast: Opportunities and Challenges.

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How the Construction Industry Is Rethinking Workforce Development

Pro Builder

Based on data from the Bureau of Labor Statistics analyzed by NAHB Economics, the construction industry as a whole needs a net gain of about 2.4 But the task is monumental. million workers by 2025 to meet demand, a decent chunk of that for housing production. . Builders Take the Lead in Training and Job Placement .

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100+ Construction Industry Statistics

Autodesk Construction Cloud

Construction industry is unionized. NAHB ] | Click to Tweet. AI is forecasted to reach $4.51 Chamber of Commerce ] | Click to Tweet . Workforce at a Glance. Click to Tweet. Bureau of Labor Statistics ] | Click to Tweet. 42 years old is the average age of a U.S. construction worker. trillion (10-17%) in the Operations phase.