Builders reveal that a critical labor shortage in their field is fueling the housing affordability crisis in America.
America needs more homes, but the industry doesn’t have nearly enough workers to build them.
With too few skilled laborers to meet the growing demand, construction is taking longer, costs are rising, and, as a result, the much-needed housing supply in the U.S. remains constrained.
Experts in the industry point to an aging workforce, a lack of younger Americans entering the skilled trades, and immigration policies that they say have failed to keep pace with labor needs.
“Labor is one of the largest and most expensive inputs when it comes to home production and land development,” Jim Tobin, president and CEO of the National Association of Home Builders, told Fox News Digital.
He said that every month, the construction industry is short by approximately 250,000 workers.