
Courtesy Hilltop Construction Co.
By Thomas Albrecht
Its hard to talk about exciting and important topics like the boom in construction or consumer confidence, or what the Baby Boomers and Millennials want, when the demand for skilled construction related jobs are at an all-time high.
If you look back at the last five years, I have mentioned the coming of a crises. Well, here we are 2020, and secured construction projects are outpacing the number of employees currently in construction and those entering the trades.
NAHB (National Association Home Builders) Chief Economist Robert Dietz noted in his blog that the open positions rate dipped 4 percent in October, after reaching a cycle high of 5.5 percent in April. Furthermore, Dietz said the overall trend for opening construction jobs has been increasing since the end of the Great Recession, matching NAHB and other survey data showing access to skilled labor remains a top business challenge for home builders.