House Bill Reaffirms Support for Job Corps
On a strong bipartisan vote of 44 to 1, the House Committee on Education and the Workforce has approved NAHB-supported legislation that would reaffirm congressional support for Job Corps and help address the nation’s skilled labor shortage.
H.R. 6655, the A Stronger Workforce for America Act, would make meaningful investments to prepare students for careers in the construction industry, better fund federal workforce development programs that serve the nation’s most vulnerable job seekers and introduce reforms that will provide new funding and incentives for workforce education.
Of particular importance to NAHB and the housing community, the legislation explicitly recommends the full $1.7 billion per year in funding for Job Corps, the nation’s most successful career preparation program for disadvantaged youth. Although the actual funding level will be set during the appropriations process, the bill signals to the appropriators that Job Corps remains a priority. NAHB’s workforce training affiliate, the Home Builders Institute, is building the next generation of skilled tradespeople and is the largest Job Corps national trades training contractor.
This bill is especially important, given that a recent House budget proposal completely eliminated funding for Job Corps. The count of open construction jobs topped 420,000 in October, and H.R. 6655 would help ease the residential construction industry’s severe workforce shortage that has resulted in housing construction delays and higher home building costs.
In a letter of support for H.R. 6655 sent to House lawmakers before the bill advanced out of committee, NAHB said that “addressing our nation’s skilled labor shortage, particularly those trades involved in home construction, is an issue of utmost importance. Building more homes and apartments is the only way to tame inflation, meet demand and ease the out-of-control affordability crisis. Without a qualified and able workforce, none of this is achievable.”
Latest from NAHBNow
The newly enacted 21st Century ROAD to Housing Act directs the Department of Housing and Urban Development to develop voluntary federal guidelines for state and local zoning best practices. Although not mandatory, the guidelines will help shape how communities are evaluated for federal grants and give states a model for developing their own enabling legislation.
The overall labor market continued to lose momentum in July, with nonfarm payrolls falling by 23,000 and previous job gains revised sharply lower.
Latest Economic News
Residential building material prices, excluding energy, rose 0.4% in July and were up 5.0% from a year ago. Energy prices fell again in July but remained significantly higher than a year ago. Meanwhile, prices for services were down 0.3% over the month but were 6.2% higher than a year ago.
The latest homeownership rate declined to 65% in the second quarter of 2026, according to the Census’s Housing Vacancy Survey (HVS). The homeownership rate was unchanged from a year ago, and not statistically different than the rate in the first quarter of the year (65.3%).
Led by declines in gasoline and diesel prices, inflation eased for the second consecutive month after reaching a three-year high in May. As energy prices moderated, shelter resumed its role as the largest driver of headline inflation, accounting for one-third of the annual increase and over two-thirds of the monthly increase.