House Approves NAHB-Supported Workforce Development Bill
The House 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 reaffirms congressional support for Job Corps, the nation’s most successful career preparation program for disadvantaged youth. 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.
Addressing the nation’s skilled labor shortage, particularly those trades involved in home construction, is an issue of utmost importance to NAHB and the housing community. In any given month, there is a shortage of roughly 400,000 construction workers, and this lack of workers 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 final vote, NAHB said that this bill would ensure the home building industry has a robust pipeline of skilled labor. “Building more homes and apartments is the only way to tame inflation, meet demand and ease the out-of-control affordability crisis,” the letter stated. “Without a qualified and able workforce, none of this is achievable.”
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Latest Economic News
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.
Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.
The National Association of Home Builders (NAHB) conducts an annual census to better understand the composition and characteristics of its members. In 2025, 35% of NAHB’s membership was comprised of builder members—single-family and multifamily builders, residential and commercial remodelers, commercial builders, land developers, and manufacturers of modular/panelized/log homes.