All tagged Labor

Labor Shortage Slows New Construction

Not long ago, construction jobs were scarce. When the Great Recession hit in 2008 and 2009, 31% of laborers left the construction industry, and they haven’t come back. In fact, the National Association of Homebuilders (NAHB) estimates that there are 200,000 unfilled construction jobs in the United States. The ratio of job openings to hiring is at its highest level since 2007, when we were at the peak of the housing bubble.