New HBI Report Shows an Increase in Demand for Construction Labor
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.
Latest from NAHBNow
Aug 12, 2025
2026 Show Home Takes Shape in OrlandoConstruction is moving full-speed ahead on The New American Home 2026. Located in Winter Park, Fla., this ambitious project is implementing cutting-edge design while sticking to an aggressive timeline — and the build team has no intention of slowing down.
Aug 11, 2025
3 Reasons to Attend the 2026 International Builders’ ShowThe NAHB International Builders’ Show® (IBS) is the premier event for the residential construction industry, bringing together tens of thousands of industry professionals and 1,700+ top manufacturers and suppliers every year.
Latest Economic News
Aug 11, 2025
Market Share for Modular and Other Non-Site Built Housing in 2024The total market share of non-site built single-family homes (modular and panelized) was just 3% of single-family homes in 2024, according to completion data from the Census Bureau Survey of Construction data and NAHB analysis.
Aug 08, 2025
Foundation Types in 2024: Slabs Continue to Rise, Crawl Spaces DeclineIn 2024, 73% of new single-family homes started were built on slab foundations, according to NAHB analysis of the U.S. Census Bureau’s Survey of Construction (SOC).
Aug 08, 2025
Weaker Demand for Residential Mortgages in Second QuarterIn the second quarter of 2025, overall demand for residential mortgages was weaker, while lending standards for most types of residential mortgages were essentially unchanged, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS).