Lawmakers Shine Spotlight on Workforce Development
The U.S. Senate recently passed a bipartisan resolution designating September as National Workforce Development Month, highlighting the importance of equipping Americans with the education and training necessary to advance their careers and rebuild our economy.
With increased attention on skills training, now is the time to raise awareness about career paths available in the residential construction industry. NAHB has a variety of tools and information to help promote the skilled trades, including:
- Workforce Development Resources. NAHB has a trove of materials designed to educate and promote careers in construction including promotional posters, brochures, customizable presentations, salary data by profession and sample social media messages.
- Tools for Educators and Students. Lesson plans, mentoring opportunities, internship and scholarship information are also available on the workforce development resource page on nahb.org.
- Career Development Connections. The Home Builders Institute, a nonprofit organization and partner in the NAHB Federation, is a national leader for career training in the building industry. Through certification programs, HBI provides training, curriculum development and job placement services.
In October, NAHB celebrates Careers in Construction Month to increase public awareness about the trade professions available in residential construction. For in-person or virtual program ideas for your community, consult NAHB's Careers in Construction Month Toolkit. NAHB will be sharing more information and ideas for activities in your local area throughout the month of October.
Learn more about how NAHB is working to address the industry's labor shortage on the workforce development page on nahb.org. If you have any questions, please contact Greg Zick, 202-266-8493.
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On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.