Labor shortages impede home construction

  • In Business
  • 2021-12-03 00:14:41Z
  • By CBS News

Boise, Idaho - The nationwide shortage of homes for sale is being driven, in part, by a severe shortage of builders. More than 2 million new construction workers are needed over the next three years to meet demand, according to industry experts. 

The industry says it now has up to 430,000 open construction jobs and will need another 61,000 new hires every month for the foreseeable future. 

"We need to place 740,000 people into the industry a year for the next three years," said Ed Brady, the CEO of Home Builders Institute. "That's at crisis levels. I don't know how we're going to catch up." 

The labor shortage began in 2008 during the Great Recession. Older tradespeople kept retiring and fewer young people want to work with their hands. Then, training programs took a hit during the pandemic. 

"It's not so much us telling the contractor when they need to show up. It's them saying, 'This is when I can show up,'" said developer Joe Atalla, who builds houses around Boise, Idaho. 

But, Atalla said, "the narrative is changing." 

"Skilled trade jobs provide a great living and college isn't really for everybody," he said. 

That's the industry's hope. But for now, labor costs more so houses cost more. 

Iowa farmer calls 911 after his wife is found impaled by a common farm tool

New misinformation campaigns target Latino voters

Officials confirm multiple cases of Omicron variant in the U.S.


More Related News

Varying factors
Varying factors 'catapulted' area into labor shortage

Companies, unions, the city government and workers in Oak Ridge are reacting to the high demand but short supply of workers to fill various positions.

Asking prices for UK homes rise by most since 2016 - Rightmove
Asking prices for UK homes rise by most since 2016 - Rightmove

Asking prices for British homes rose by the most in annual terms in nearly six years in early 2022, according to a survey that showed how a severe shortage...

Ohio Means Jobs: COVID-19 isn
Ohio Means Jobs: COVID-19 isn't only culprit in Muskingum County labor shortage

Baby Boomers are retiring, families are becoming single-income households - all as more than 3,000 jobs remain open in the greater Zanesville area.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: Business