Positive Developments on the Workforce Development Front
NAHB scored important victories this week on the workforce development front, with legislation introduced that is targeted specifically to increase job training in the residential construction sector and a Senate appropriations panel approving robust funding for Job Corps in fiscal year 2025.
NAHB commends Sen. Jackie Rosen (D-Nev.) for introducing the CONSTRUCTS Act, legislation that will ease the severe labor shortage in the home building industry that is causing construction delays and raising housing costs.
“In any given month, there is a shortage of roughly 400,000 construction workers,” said NAHB Chairman Carl Harris. “By supporting new and existing residential construction education programs, the CONSTRUCTS Act will help ensure we have enough workers to build the homes our nation needs.”
The same day that Sen. Rosen dropped her bill on Aug. 1, the Senate Labor-HHS appropriations committee approved funding for Job Corps in fiscal year 2025 at a level of $1.76 billion, the same amount that was approved in the previous fiscal year.
Job Corps is a vital source of skilled labor for the housing industry, and NAHB has lobbied aggressively to ensure this program remains fully funded after House appropriators last year proposed to abolish the program as part of a 30% reduction of the agency’s fiscal year 2024 budget. Thanks largely to NAHB’s efforts, congressional appropriators changed course and moved to fully fund Job Corps at $1.76 billion in fiscal year 2024.
Last month, the House Labor-HHS appropriations committee approved language that will maintain Job Corps’ funding level at $1.76 billion in fiscal year 2025. With the Senate Labor-HHS appropriations committee following suit, this is a significant win for the housing industry.
Our message that a housing supply shortage is the primary cause of growing housing affordability challenges and ensuring we have enough workers to build the homes the nation needs is ringing loud and clear on Capitol Hill.
Latest from NAHBNow
Residential building material prices, excluding energy, rose 0.4% in July and were up 5% from a year ago. The year-over-year percentage increase in building materials was the highest since December 2022.
Overall housing starts decreased 12.4% in July to a seasonally adjusted annual rate of 1.24 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Latest Economic News
Housing starts fell in July as economic uncertainty, rising construction costs, labor shortages and elevated financing expenses continued to challenge builders.
New home sales rose in the second quarter but were lower than a year ago, according to the U.S. Census Bureau New Residential Sales release.
In the second quarter of 2026, consumer credit growth slowed over the quarter and was lower than a year ago. According to the Federal Reserve’s G.19 Consumer Credit Report, total outstanding U.S. consumer credit reached $5.17 trillion in the second quarter of 2026.