NAHB Sees Shortage of Skilled Labor
Skilled labor is getting hard to find, the National Association of Home Builders says, and that’s slowing the return of the nation’s housing industry to full health.
“The survey of our members shows that since June of 2012, residential construction firms are reporting an increasing number of shortages in all aspects of the industry – from carpenters, excavators, framers, roofers, and plumbers, to bricklayers, HVAC, building maintenance managers, and weatherization workers,” NAHB chief economist David Crowe said in a written statement. “The same holds true for subcontractors.”
Labor shortages have forced builders to pay higher wages to subcontractors, which in turn is pushing up home prices. Nearly half the builders surveyed said they’ve experienced delays in getting projects completed on time.
NAHB said the collapse of the housing industry during the recession forced more than 1.4 million people to seek jobs elsewhere as builders went out of business or cut back.
To increase the pool of skilled workers in residential construction, NAHB said it was working with the Home Builders Institute to provide training and job placement.
NAHB said it expects 970,000 housing starts this year and 1.18 million in 2014.