NAHB-Supported Workforce Development Bill Introduced in House
Bipartisan legislation championed by NAHB that is tailored specifically to ease the severe residential construction labor shortage was introduced in the House today.
Reps. Juan Ciscomani (R-Ariz.), Marie Gluesenkamp Perez (D-Wash.), Ryan Zinke (R-Mont.) and Don Davis (D-N.C.) introduced the CONSTRUCTS Act, companion legislation to the Senate bill introduced earlier this year by Sens. Jacky Rosen (D-Nev.) and Marsha Blackburn (R-Tenn.) that will support the construction workforce, help improve the housing supply and bend the rising housing cost curve across the nation.
The bipartisan CONSTRUCTS Act directly addresses the lack of workers in the housing sector by expanding opportunities for residential construction training programs at community colleges and technical education schools.
“With the housing industry facing a severe labor shortage that is exacerbating the housing affordability crisis through higher home building costs and construction delays, the CONSTRUCTS Act will strengthen America’s workforce pipeline by creating a new grant program to fund residential housing construction education and skills training programs at our nation’s community college and trade schools,” said NAHB Chairman Carl Harris.
In any given month, there is a shortage of 200,000 to 400,000 construction workers, and home builders will need to add 2.2 million new workers over the next three years just to keep up with demand. By supporting funding for building and construction trades education, this legislation would bolster the housing workforce and directly address the shortage of skilled construction workers.
Latest from NAHBNow
Financing should be a strategic growth tool, not a substitute for a sound business. The right capital, aligned with the right projects and deployed at the right time, helps builders move when opportunity arrives.
NAHB worked with Rep. Nanette Barragán (D-Calif.) on legislation aimed at lowering housing costs by establishing a tariff exemption process for building materials. The Housing Tariff Exclusion Act (H.R. 10416) would automatically exempt many home building materials from President Trump’s current and future tariffs and give importers a process to seek exemptions for additional materials.
Latest Economic News
Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty.
The Federal Reserve raised the federal funds rate by 25 basis points at the conclusion of its September policy meeting, bringing the target range to 3.75% to 4%.
Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment.