Skills shortage costs US economy billions, study finds - Global Construction Review

How Much Is the Skilled Labor Shortage Costing U.S. Homebuilders? - The MortgagePoint

A new study examines the impact of the lack of skilled laborers on the housing industry, including how it cuts into the nation’s inventory of homes and hinders economic growth.

Skills shortage costs US economy billions, study finds - Global Construction Review

A study carried out by the University of Denver and released this week finds that the chronic shortage of skilled labour is costing the single-family home building sector, and the US economy in general, billions of dollars a year. Commissioned by the Home Builders Institute (HBI) in collaboration with the National Association of Home Builders (NAHB), the study calculates that delays to project schedules caused by the shortage directly costs the…