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.
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.
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:
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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.