How to Start Planning for a Summer Intern
Schools will be out for the summer soon, which means now is the perfect time to start laying the groundwork for an internship program. Working with interns helps companies meet their own workforce needs and helps the industry build the pipeline of new workers needed to meet the demand for new housing.
There are many considerations when planning for a trainee on your jobsite. To help you establish a program, NAHB has a step-by-step guide to setting up an internship program.
The Student Internship Resources for NAHB Members guide focuses on how builders can engage with three different talent resources: secondary (high school) students in career and technical (CTE) education programs, community college students, and university students.
The comprehensive guide covers topics such as:
- How to evaluate your workplace needs
- How to research the legalities
- Tips for developing a training plan
- How to find, hire and manage interns
- How to retain good prospects as employees
In addition, to help students and young professionals develop their careers in the trades, NAHB has a robust collection of one page “how-to” guides, such as interviewing and building a network available for download and print.
NAHB invites all members to share their workforce development opportunities and challenges during the next in-person Workforce Development Champions Forum on Friday, June 9, at 10:30 a.m. ET, during the Spring Leadership Meeting in Washington, D.C.
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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.