Market for home construction workers improves, still rough

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The Impact of a Skilled Labor Shortage in Construction The impact of the skilled labor shortage in construction has continued to plague the construction industry since the recession (2007-2011) where approximately 2 million construction workers were let go (more than any other industry).

The share of young construction workers declined nearly 30% from 2005 through 2016, contributing to a labor shortage that has meant fewer homes being built and rising prices.

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They could undertake an extensive kitchen remodel, or they could seek a new home for their five-member family. owners.

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Market for home construction workers improves, still rough. – Nationally home prices still rose. public offerings, workers could be in line for some windfalls. And what better way to. It has been a rough couple of years for home. construction sector of 2.7 percent is twice as fast as the overall growth rate, total construction jobs are still well below the pre-recession levels.