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- 1US Housing Faces 300,000 Unfilled Skilled Trades Jobs●Skilled Trades Shortage Hits Housing: 300,000 Unfilled Jobs - News and Statistics
The US housing sector is short roughly 300,000 skilled trades workers, according to new statistics from IndexBox. The shortage of electricians, plumbers, carpenters and other construction workers is constraining homebuilding at a time when housing supply remains tight, pushing up labor costs and delaying projects. Industry analysts point to an aging workforce and too few apprentices entering the trades as key drivers of the gap.
- 2
European stock markets traded broadly flat, with gains among UK homebuilders offset by pressure from oil stocks and rising bond yields. Reuters reported that the opposing forces left major indices little changed. Investors are weighing rate expectations and energy sector weakness against a notable rally in British residential construction shares.
- 3Austin residential permitting falls as construction costs spike●Austin’s residential permitting figures slide further amidst spiking construction costs
Austin's residential permitting numbers have declined further, according to figures reported by The Real Deal, with the drop coinciding with sharply rising construction costs. The slowdown in new permit activity points to mounting pressure on homebuilders and developers in the Texas capital, where elevated material and labor expenses are making new residential projects harder to justify financially.