Infographic: America’s growing demand for new home construction

Industry needs more construction workers

The pace of new home construction is surpassing the number of available workers to do the job, according to a report and infographic from Coyne College.

The college explained that in 2006, nearly two million total permits for housing were issued in the United States. But after the financial crisis, the construction of new home sales stalled.

After nine years, the industry is finally starting to get back to normal, but there is one thing blocking the progress: A shortage of skilled workers.

This infographic shows the growth better:

Click to enlarge

New Home Construction

(Source: Coyne College)

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Americans are staying put in record numbers

The share of people who moved in the 12 months through March fell to the lowest level on record, adding to the woes of a housing market plagued by supply shortages.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please