New HBI Report Shows an Increase in Demand for Construction Labor

Workforce Development
Published

Additional skilled construction workers will be needed to reduce the nation's housing deficit during the second part of this decade, a shortfall NAHB estimates to total 1.5 million homes. The latest Construction Labor Market Report from the Home Builders Institute (HBI) provides an overview of the current state of the nation’s construction labor market.

Key findings in the report include:

  • There are currently 8.2 million payroll construction workers.
  • The estimated, required amount of construction worker hiring is approximately 723,000 per year, according to NAHB analysis of BLS data and projections.
  • The number of open construction sector jobs was above 400,000 at the start of the year. The count fell in March.
  • Average hourly wages in the overall construction industry have increased 5% over the last year, with average wage levels exceeding national private sector averages.
  • Women make up a growing share of the construction employment, reaching 10.9% in 2022. This is a noticeable increase from 9.1% in 2017 and just below the record high share of 11% recorded in 2021.

NAHB Chief Economist Dr. Robert Dietz and HBI CEO Ed Brady discuss the report’s key findings, trends and possible solutions for the labor shortage in an HBI Podcast. To learn more about the residential construction labor market, view the report.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

IBS

Nov 14, 2025

Last Chance to Apply for 2026 Best of IBS Awards

Exhibitors at the NAHB International Builders’ Show® (IBS) have an opportunity to spotlight their innovative new products each year through the Best of IBS Awards. Don't miss your chance - apply by Friday, Nov. 21.

Fall Leadership Meeting | Membership

Nov 14, 2025

Watch Livestreams of Key Fall Leadership Meetings

NAHB leadership, including committee and council members, will gather Nov. 17-19 for the 2025 Fall Leadership Meeting in Denver.

View all

Latest Economic News

Economics

Nov 13, 2025

Unchanged Lending Conditions for Residential Mortgages in Third Quarter

Lending standards for most types of residential mortgages were essentially unchanged, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending standards for construction & development were modestly tighter, while multifamily was essentially unchanged. Demand for both CRE categories was essentially unchanged for the quarter.

Economics

Nov 12, 2025

Adjustable-Rate Mortgage Applications Rise

All types of mortgage activity rose on a year-over-year basis in October, supported by recent declines in interest rates. Notably, adjustable-rate mortgage (ARM) applications more than doubled from a year ago, and refinancing activity continued to strengthen.

Economics

Nov 12, 2025

Employment Loss and Post-COVID Recovery Across U.S. Metro Areas

In April 2020, total payroll employment in the United States fell by an unprecedented 20.5 million, following a loss of 1.4 million in March, as the COVID-19 pandemic brought the economy to a sudden halt. The unemployment rate surged by 10.4 percentage points to 14.8% in April. It was the highest rate effectively since the Great Depression.