article thumbnail

The Construction Industry’s Recovery

Construction Marketing

NAHB Chief Economist David Crowe attributed the improved outlook on sustained job growth, low mortgage rates and affordable home prices are “helping to unleash pent-up demand.”. The National Association of Home Builders/Wells Fargo builder sentiment index hit 55 in August. Industry Recovery.

article thumbnail

Branka Minic’s Plan to Build and Retain a Talented Workforce

Pro Builder

The need is pressing: In a National Association of Home Builders survey earlier this year, 85% of members said skilled labor availability and cost are among their most significant challenges, and NAHB forecasts the need for 2.2 million new workers by 2025. Can you explain what those benchmarks are and how you’re meeting them?

Plans 98
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing Affordability’s Biggest Threats

Pro Builder

Although the economy is expected to see some recovery this year, labor market improvement will be slow and much of the economy’s rebound is dependent on the vaccine rollout, says NAHB. It is forecast that a stabilization of the economy will come later in 2021 as more deployments of the vaccines will be dispersed between March and September.

Housing 52
article thumbnail

HBI President Ed Brady’s Call to Action to Solve the Construction Industry’s Labor Shortage

Pro Builder

At the International Builders’ Show (IBS) in Orlando last month, Ed Brady, president of the Home Builders Institute (HBI)—the educational arm of the national Association of Home Builders ( NAHB )—led the call to action for solving the housing industry’s chronic skilled labor shortage. . 2022 Housing Forecast: Opportunities and Challenges.

NAHB 105
article thumbnail

2020 Builder of the Year: True Homes—a Culture Like No Other

Pro Builder

It’s easier and sustainable,” says Travis Deckert, supply chain market partner (essentially a purchasing manager in True’s nomenclature). Started and mentors an NAHB chapter at N.C. All of which is to say, the culture works. Our trade partners are accustomed to coming to our jobs because the work is predictable, like manufacturing.

article thumbnail

True to Itself: True Homes' Purpose-Driven Company Culture Is Like No Other

Pro Builder

It’s easier and sustainable,” says Travis Deckert, supply chain market partner (essentially a purchasing manager in True’s nomenclature). Started and mentors an NAHB chapter at N.C. All of which is to say, the culture works. Our trade partners are accustomed to coming to our jobs because the work is predictable, like manufacturing.

article thumbnail

Housing Market Poised and Ready for 2023

Pro Builder

As newly elected 2023 NAHB chairman, I’m excited to build on the palpable energy from IBS. I am committed to strengthening NAHB’s culture of membership, an area of emphasis of 2022 chairman Jerry Konter. Everything the NAHB federation does at the local, state, and national levels must create value for our members.

Housing 52