With the economic outlook rosy and on the heels of record-breaking natural disasters that have prompted increased demand in cities such as Houston, it’s an understatement to say that the U.S. construction industry is swamped with work. Total U.S. construction starts are forecasted to hit 765 $ billion in 2018, up another three percent year-over-year. Yet it's hard for contractors to enjoy the boom when they are constantly faced with worries about staffing.
In a 2017 survey, the National Association of Home Builders found more than 80 percent of builders considered the cost and availability of skilled labor their #1 challenge. By contrast, in 2011, only 13 percent named labor costs as their biggest concern. With this challenge continuing far into the foreseeable future, our industry must do all it can to prepare the next generation of builders.
You have a business to run and that means making the most of the workers you have - while keeping an eye out for those willing to enter the industry. According to research conducted by trade association FWCI, here are some vital ways to attract and retain today’s youth.
Working together, we can alleviate the skilled labor shortage by inspiring young people to make construction their career path. To learn more about how LP can help your business succeed, call our Customer Care Center at (888) 820-0325 to schedule a product knowledge meeting with an LP representative.
In addition to shifts to accommodate the changing economy throughout 2020, LP sought to respond to ongoing industry trends, green construction, virtual design and construction and more. We recently discussed the upcoming year with many of our leaders to see what's next in the building industry in 2021.
Let’s examine the impact of water on wood building materials, how products from the LP Structural Solutions product portfolio can help you tackle moisture on the jobsite and how to avoid water damage to engineered wood.