$10 Billion and 19,000 Homes Lost: How America’s Skilled Labor Shortage Is Fueling the Housing Crisis

A new report reveals that the skilled labor shortage is costing U.S. homebuilders over $10 billion a year—delaying builds, driving up costs, and leaving nearly 19,000 homes unbuilt in 2024 alone. With construction times stretched nearly two months longer, industry leaders warn this “new normal” is deepening America’s housing crisis and threatening long-term economic growth.