May 8, 2017

Seeking Skilled Workers to Build American Dream



Did you know that it takes an average of 22 different subcontractors to build a home?

Indeed, a home builder relies on a number of highly trained workers to get the job done right. This includes dozens of skilled artisans and professionals, including carpenters, architects, engineers, plumbers, electricians, painters and landscapers. Analysis from the National Association of Home Builders (NAHB) shows that 70% of builders typically use somewhere between 11 and 30 subcontractors to build a single-family home. 



After many workers left the home building industry during the Great Recession to pursue employment in other sectors, recent surveys show that not nearly enough of them have returned. As our economy and the housing market continue to recover, home builders across the country are seeking skilled workers to help them build the American Dream.



According to the latest Bureau of Labor Statistics data and analysis by the NAHB, there were 138,000 open construction sector jobs in August, which was relatively unchanged from July. A National Association of Home Builders (NAHB survey of home builders further illustrates the depth of this problem. Six in 10 of those surveyed experienced delays in completing projects on time, 18 percent had to turn down some projects and 9 percent lost or cancelled sales because they had too few workers to complete their homes.


When builders are unable to schedule trades on time, it means that buyers are unable to move into their home on time. These delays and production logjams are hurting the housing recovery by increasing the cost of building homes and making housing more expensive for consumers.




Building Trades Offer Great Career Path

A home builder relies on a number of highly trained workers to get the job done right. This includes dozens of skilled artisans and professionals, including carpenters, architects, engineers, plumbers, electricians, painters and landscapers. Indeed, recent analysis from NAHB shows that 70% of builders typically use somewhere between 11 and 30 subcontractors to build a single-family home.  On average, 22 different subcontractors are used to build a home.



This means there is ample opportunity for motivated students seeking a rewarding career path. Residential construction workers consistently express high job satisfaction. Average salaries in all parts of the country remain competitive with other industries > Construction Salary By State.

This is important to understand; I am not saying your sons & daughters should not aspire to go to college. What is important to understand is that student loan debt will be a major financial burden on your children as they graduate and head into the real world. The below chart is an example of salaries as recent as 2016 in certain sectors:

click on picture to enlarge

 

 While the above salaries may seem in some areas better than construction salaries you need to factor in the pay back of college financing. Maybe your child excelled in sports and/or academics and earned a sizeable scholarship. I say God Bless but remember a much higher percentage of college bound students aren't so lucky.

The residential construction industry is one of the few sectors where demand for new workers is rising, and the housing industry is working diligently to meet this challenge by training more workers and leaders in the construction industry. 

Skilled trades may not be a career path for some but it certainly is a noble careee and one that has tremendous upside in actually seeing your work develop into someone's future memories.

submitted by Michael Kurpiel, CGA, CGA

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