Spring 2024 HBI Construction Labor Report

For the last three years, HBI has commissioned the National Association of Home Builders (NAHB) Economics Department led by Dr. Rob Dietz to create a biannual Construction Labor Market Report. The health of the labor market is key to the outlook for monetary policy, interest rates and housing affordability. A return to stable inflation readings is dependent on gains for labor productivity (via worker training), labor recruitment and reductions for shelter price growth. The residential construction labor workforce lies at the center of these economic and social policy objectives via its connection to adding attainable housing that will reduce shelter inflation.

HBI Construction Labor Report

Construction workers are needed to build more affordable houses. Home Builder’s Institute released our Spring 2024 HBI Construction Labor Report which found that: 

  • Building more houses keeps inflation (price increase) for houses under control.
  • To build more houses, they need more construction workers (around 723,000 per year).
  • Right now, there are about 8.2 million construction workers, but they need even more.
  • There are a lot of open construction jobs (over 400,000) so it’s a good field to get into for a job.
  • Construction industry wages have increased 5% over the last year.
  • Construction is a good fit for people of all backgrounds: women, veterans, immigrants (especially Hispanics) and especially younger people (age 25 and under).

There’s A National Housing Shortage

The report highlights a growing need for construction workers, especially with single-family home building on the rise. Think about it: more houses mean more jobs building them!

Let’s take a deep dive into the Spring 2024 HBI Construction Labor Report and see what’s going on.

Technology and Remote Work

Technology is changing the game in construction. Think remote work, drones, robots and fancy computer programs. These tools are making it easier and safer to build stuff. Companies that use them are getting things done faster and saving money, too.

Not Enough Workers

But it’s not all sunshine and rainbows. There’s a problem: not enough skilled construction workers. Imagine trying to build a house without enough people who know what they’re doing. It’s tough! The report says this is a big challenge for construction companies. But it’s also a chance for them to get creative and train more people or use cool gadgets to help out.

Women In Construction

Women made up 10.9% of construction employment in 2022, a big increase from 9.1% in 2017. 

Being Eco-Friendly

Here’s some good news: more and more construction folks are going green. That means they’re using materials and methods that are good for the planet. Think about buildings that use solar power or are made from recycled stuff. It’s not just about being nice to the Earth; it’s also a smart move for business.

Rules, Rules, Rules

Of course, there are always rules to follow. The report talks about national employment trends and how the construction industry compares. It’s a lot to keep track of, but it’s good news for the building industry.

Key Takeaway

The Spring 2024 HBI Construction Labor Report gives us a peek into what’s happening in the construction world. It’s a mix of challenges and opportunities. By paying attention to reports like this, construction folks can keep building a better world, one brick at a time.

Watch: Ed Brady, President and CEO of HBI and Dr Rob Dietz, Chief Economist for NAHB, Discuss the Spring 2024 HBI Construction Labor Report

Want to learn more? Check out the full HBI report for all the details.Thinking about a career in construction? This report suggests it’s a great time to get started. There’s high demand, competitive wages and a diverse workforce. If you’re looking for a stable career path, building the future might be the perfect fit!

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MARIO GONZALEZ
Vice President of Workforce Training & Employment
Mario joined HBI as a Regional Career Development Coordinator of HBI’s Military Services in 2019 and was promoted to Associate Vice President of WTE Community & Corrections Programs in 2022.
 
Now serving as Vice president of WTE (2024), he oversees the daily operations of HBI’s WTE Community & Corrections, Military Services, & Academies programs, working with partners to advance HBI’s expansion and enhance job placement opportunities for graduates. Mario serves as the liaison between HBI and external stakeholders to include military installations. He ensures successful outcomes for HBI graduates from transitioning service members & veterans to justice involved adults & youths. Internally, he provides strategic operational perspective to HBI’s senior leadership team.
 
Prior to joining HBI, Mario served for 21 years in the U.S. Army across multiple locations globally & nationally and has an MBA from Trevecca Nazarene University in Nashville, TN.
 
Mario resides in Tennessee with his wife and children and spends time in Texas where his mother, adult children, and grandchildren reside. He enjoys the outdoors and serving in his community. 
JOSEPH F. LANDERS
Executive Officer of the Home Builders and Remodelers Association of Massachusetts

Joseph F. Landers, 71, is the Executive Officer of the Home Builders and Remodelers Association of Massachusetts having assumed that role in 2018 with a mandate from the Board of Directors to harmonize the five MA local associations, increase communications from the state to the membership, increase the public profile of the association, create a path to financial stability and elevate the states lobbying efforts. Prior to taking on the challenging state association role, Joe was Chief Executive Officer and founder of Customized Structures Inc., a custom manufacturer of single-family, multi-family and commercial modular and panelized structures which began operations in 1984. Joe has been involved in the building industry, both site-built and factory-built, since 1973 and has worked in all phases of construction from development through design and production including on site management and sales. Customized Structures produced on average 330 single family homes per year, had an employee base as high as 180 and was known as the innovator in the production and design of modular components.

 

After the sale of Customized Structures Inc. to a private equity firm in 2003 Joe remained on the Board of Directors of the Company and functioned as a consultant to the CEO. He further took on the role of helping failing building systems companies return to profitability and successfully oversaw the sale of those companies. Mr. Landers has lectured frequently on the benefits and utilization of systems-built construction to building professionals around the country and has utilized his substantial professional and industry background to provide consultation services to both national and foreign companies interested in the processes and pitfalls of building and developing utilizing building systems components.

Joe attended Northeastern University and St. Anselm’s College graduating with a B.S. in 1972. 

Joe has been a member of the National Association of Home Builders since 1974. He is past president of two local Home Builders Associations and has served two terms as President of the  State of NH Home Builders Association. Joe is also a past president of the Modular Building  Systems Council of the NAHB, has been Chairman of the National Building Systems Council (BSC)  and has served five terms as a Trustee of the BSC during which time he created the BSC logo and  wrote the brochure “Most Frequently Asked Questions about Modular Homes”. 

In 1989, Joe received the National Pacesetter Award in recognition of his outstanding leadership  and contribution to the housing industry and in 1991 was awarded the title of Builder of the Year  by the Home Builders Association of N.H. In 1992 he was appointed by the Governor to the NH  Board of Fire Control within the Department of Safety and since then was reappointed three times.  He has served as a member on the State of New Hampshire Building Code Review Board and was  appointed by the Governor of NH to the Shore Land Protection Commission. Joe was selected to  receive the 2000 S. A. Walters Chairman’s Award, the premier award in the U.S. Systems Built  Housing Industry and was installed to the New Hampshire Housing Hall of Fame for his significant  and lasting contributions to the housing industry in the State of New Hampshire.  

Joe is a Senior Life Director of the National Association of Home Builders; he is served six terms on the NAHB Budget & Finance Committee serving as Vice Chair for four of those years, he has served  as Chairman of the Resolutions Committee, the International Housing Committee and the Building  Products Issues Committee of NAHB serving on the NAHB Executive Committee multiple times. 

In 2001 Joe was elected an Area Vice President of the National Association of Home Builders  representing builders through out the northeast. 

Joe is active in his community having served as finance chairmen of his church, is a member of the  International Order of Odd Fellows, and has served on multiple boards and committees on a  volunteer basis.  

Joe and his wife, Denise, reside in Plymouth, MA, they have two children, Jessica and Brad and two  grandchildren, Lily and Jack ages 13 and 11.

Seth Appleton
President of U.S. Mortgage Insurers

The Honorable Seth Appleton is President of U.S. Mortgage Insurers. In this role, he leads USMI’s efforts to enable sustainable access to affordable mortgage credit for borrowers while protecting taxpayers. Seth previously served as President of MISMO, the real estate finance industry’s standards organization. Prior to that, Seth served as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD),
a position for which he was unanimously confirmed by the United States Senate. In addition to his service as Assistant Secretary, Seth concurrently served as the Principal Executive Vice President of Ginnie Mae, a government corporation guaranteeing the timely payment of
principal and interest on more than $2 trillion in mortgage-backed securities.


Before joining HUD, Seth worked on Capitol Hill, including serving as Chief of Staff for U.S. Congressman Blaine Luetkemeyer for more than eight years. A native of Missouri, Seth is a graduate of Stanford University and is a co-chair of the Bipartisan Policy Center’s Housing Council.

Zach Harris Story Card - HBI Build Strong Academy New Orleans Graduate