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Construction Needs 650K New Workers to Meet Housing Demand

With the number of available homes for sale hitting record lows, 90 percent of builders report delays due to labor and materials shortages.

By Jack Rogers | March 02, 2022 at 06:49 AM

The number of available homes for sale in the US is likely to remain at historically low levels in 2022 as a perfect storm of labor and materials shortages are preventing the construction sector from keeping up with the demand for new houses.

The construction industry needs to add 650,000 workers above its current pace of hiring in order to meet demand in 2022, according to a new analysis by Associated Builders and Contractors (ABC).

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