Learn Strategies for Managing Mental Health
Construction workers are particularly susceptible to mental health issues and suicide — which is a silent killer in the industry. Although the most common mental health problems are anxiety and depression, other disorders like the Substance Misuse can be considered a mental health issue as well.
When a worker is struggling to manage mental health issues, their safety and the safety of all those around them on the jobsite can be compromised.
As a part of its ongoing initiative regarding members’ mental health and well-being, NAHB recently created a new video “toolbox talk” on mental health. The video covers critical topics such as:
- Identifying the warning signs of mental distress
- Mental health risk factors
- Strategies for managing mental health
NAHB is also partnering with the North Carolina HBA (NCHBA) on a pilot program called “Blueprint for Worker Well-Being.” The goal of the program is to develop a strategic plan for mental health promotion and suicide prevention which can be replicated by other HBAs across the country.
The program involves storytelling, the first installments of which are now available on nahb.org. The video series features NCHBA members sharing their stories, as well as accompanying Q&A videos.
Watch the toolbox talk below to learn more about mental health awareness. English and Spanish versions of the video, along with a helpful handout, are available on the Mental Health Awareness webpage. For more information on opioid misuse, visit the resources on the Opioids in the Home Building Industry page.
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Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.