What's Really Behind Construction's Labor Shortages
What's Really Behind Construction's Labor Shortages
Aaron Witt has always loved bulldozers โ he even had his sixth birthday party at the local Caterpillar dealership.
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Aaron Witt has always loved bulldozers โ he even had his sixth birthday party at the local Caterpillar dealership.
Aaron Witt has always loved bulldozers โ he even had his sixth birthday party at the local Caterpillar dealership.
Dive Brief:
Contractors reported fewer unfilled job openings in May as overall nonresidential construction spending dipped and signs of the slowing economy began to play out on jobsites.
Associated Builders and Contractors reported that the number of open construction jobs declined to 434,000 in May. While just 6,000 fewer openings than a month before โย and 126,000 more than a year earlier โย the decline is notable in a tight labor market where hiring has been robust.
At the same time, As...
Dive Brief:
Contractors reported fewer unfilled job openings in May as overall nonresidential construction spending dipped and signs of the slowing economy began to play out on jobsites.
Associated Builders and Contractors reported that the number of open construction jobs declined to 434,000 in May. While just 6,000 fewer openings than a month before โย and 126,000 more than a year earlier โย the decline is notable in a tight labor market where hiring has been robust.
At the same time, As...
Dive Brief:
Demand for data center construction remains stronger than ever, but issues around labor, supply chain and inflation could mute the pace of building in the sector, according to a Turton Bond data center market report.
"The overall outlook for data center construction in 2022 will come with plenty of challenges and uncertainties," the New York-based real estate consultant's report stated, including the need to bring skilled labor to the rural areas where these projects are typically l...
Dive Brief:
Demand for data center construction remains stronger than ever, but issues around labor, supply chain and inflation could mute the pace of building in the sector, according to a Turton Bond data center market report.
"The overall outlook for data center construction in 2022 will come with plenty of challenges and uncertainties," the New York-based real estate consultant's report stated, including the need to bring skilled labor to the rural areas where these projects are typically l...
Construction is booming, so more workers are needed to help meet the industryโs high labor demands. Yet many construction companies struggle to find and retain a top-notch labor force.ย The construction labor shortage and escalating inflation are causing stress and working capital difficulties for specialty contractors. Many factors contribute to this labor deficit, including a lack of training programs for specialized trades and an aging workforce. While labor shortages may seem like a peop...
Construction is booming, so more workers are needed to help meet the industryโs high labor demands. Yet many construction companies struggle to find and retain a top-notch labor force.ย The construction labor shortage and escalating inflation are causing stress and working capital difficulties for specialty contractors. Many factors contribute to this labor deficit, including a lack of training programs for specialized trades and an aging workforce. While labor shortages may seem like a peop...
Fix-and-flippers, new home builders, and build-to-rent contractors must feel like theyโre caught in an endless loop of Groundhog Day. Although many builders and rehabbers had hoped 2022 would bring someโฆ more
The post Labor and Materials Shortages Prompt New Approaches to Building and Design appeared first on Think Realty | A Real Estate of Mind.
Fix-and-flippers, new home builders, and build-to-rent contractors must feel like theyโre caught in an endless loop of Groundhog Day. Although many builders and rehabbers had hoped 2022 would bring someโฆ more
The post Labor and Materials Shortages Prompt New Approaches to Building and Design appeared first on Think Realty | A Real Estate of Mind.
Hurricane Ian is likely to place further strain on the shortage of building materials and construction labor in Florida.
Hurricane Ian is likely to place further strain on the shortage of building materials and construction labor in Florida.
The labor shortage in construction is something contractors have dealt with for decades. The pandemic certainly exaggerated the impact of shortages, but there were fewer and fewer recruits even before the Great Recession. With an aging labor force and a huge demand for labor, the shortage has reached an all-time high. Being strategic with the workforce is more important than ever before to maximize current efforts and predict labor capacity for the coming months/years. The difficulty of the job ...
The labor shortage in construction is something contractors have dealt with for decades. The pandemic certainly exaggerated the impact of shortages, but there were fewer and fewer recruits even before the Great Recession. With an aging labor force and a huge demand for labor, the shortage has reached an all-time high. Being strategic with the workforce is more important than ever before to maximize current efforts and predict labor capacity for the coming months/years. The difficulty of the job ...
Richard Donnell, executive director of Zoopla, says there's been a "once-in-a-lifetime" re-evaluation of housing sparked by cost of living pressures and the pandemic.
Richard Donnell, executive director of Zoopla, says there's been a "once-in-a-lifetime" re-evaluation of housing sparked by cost of living pressures and the pandemic.
This Wednesday, Matt reveals 10 myths that hold you back from becoming a successful real estate investor. The whole progress starts with truth, so letโs separate a fact from fiction for maximum results! Tune in and find out more! ย
Moreover, you will find out Mercedesโ deal of the week and where you can find more of these amazing stories! ย ย
Learn more about your ad choices. Visit megaphone.fm/adchoices
This Wednesday, Matt reveals 10 myths that hold you back from becoming a successful real estate investor. The whole progress starts with truth, so letโs separate a fact from fiction for maximum results! Tune in and find out more! ย
Moreover, you will find out Mercedesโ deal of the week and where you can find more of these amazing stories! ย ย
Learn more about your ad choices. Visit megaphone.fm/adchoices
The U.S. Department of Transportation needs to recruit, develop and retain an expanded staff to oversee the implementation of $660 billion in funding for programs authorized under the Infrastructure Investment and Jobs Act, while dealing with supply chain issues, rising prices and a shortage of the skilled labor required to build the many capital projects the IIJA will enable, according to the DOTโs inspector general, Eric Soskin, who issued this warning in a report to Transportation Secretary...
The U.S. Department of Transportation needs to recruit, develop and retain an expanded staff to oversee the implementation of $660 billion in funding for programs authorized under the Infrastructure Investment and Jobs Act, while dealing with supply chain issues, rising prices and a shortage of the skilled labor required to build the many capital projects the IIJA will enable, according to the DOTโs inspector general, Eric Soskin, who issued this warning in a report to Transportation Secretary...