November 23, 2021
A record number of home builders are reporting a shortage of workers such as carpenters, painters, and electricians, the National Association of Home Builders reports. The shortages come at a time when demand is increasing for new homes. Builders are struggling to meet demand and faced with both surging prices for materials and shortages of lots.
The share of builders reporting a shortage of labor reached a record high of 76% in October, well above the previous peak of 67% that was set at the end of the 1990s, the NAHB reports. The latest percentage is also much higher than the 45% reached during the housing boom in the mid-2000s when the industry needed to find enough labor to build 2 million homes a year to meet demand, the NAHB reports.
More than 55% of single-family builders reported a shortage for each of 16 trades crucial in building a home. More than 80% of builders reported a shortage of labor for carpenters (rough, finished, and framing crews), the survey shows.
At a time when home improvement demand is surging, remodelers also are reporting extreme labor shortages. More than 55% of remodelers reported a shortage in all the same 16 trades.
Stay up to date on the latest real estate trends.
May 9, 2025
Recycling can be confusing. Use these symbols to decode what and how best to recycle.
May 7, 2025
A flourishing backyard doesn't have to come at the expense of your health – or the planet's
May 6, 2025
Locals know it’s not always sunny in San Diego — especially in May and June.
May 5, 2025
Avoid feeling overwhelmed during your big move—use this realtor-curated checklist to keep track of moving day to-dos.
May 2, 2025
A few tweaks to your cleaning routine can go a long way toward keeping your home fresher, healthier, and more comfortable all spring long.
April 30, 2025
San Diego home buyers have noticed a cool down in the market.
You’ve got questions and we can’t wait to answer them.