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housing construction industry
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- 1US Housing Faces Shortage of 300,000 Skilled Trades Workers●Skilled Trades Shortage Hits Housing: 300,000 Unfilled Jobs - News and Statistics
The housing sector is short an estimated 300,000 skilled trades workers, a gap that is delaying construction and adding to costs. Builders report persistent difficulty filling electrician, plumber and carpenter roles, which limits how fast new homes can come to market. Industry analysts say the shortage is a key constraint on easing housing supply problems.
- 2Austin residential permits slide as construction costs spike▼Austin’s residential permitting figures slide further amidst spiking construction costs
Austin's residential permitting numbers have fallen further, a new report shows, with builders pulling back as construction costs climb. The decline adds to concerns about the city's housing supply, since fewer permits today point to fewer homes coming to market in the years ahead. Industry watchers are tying the slowdown to rising material and labor expenses squeezing development margins.