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The last few years have brought rising demand for housing construction, home improvement projects, and durable goods. But amid supply chain challenges and an unusual labor market since the COVID-19 pandemic began, construction and related businesses have had a hard time keeping up with demand. Consumers have endured rising prices and delays on projects and big purchases as a result.
Unfilled jobs in construction and production occupations are a primary cause of the challenges the field currently faces. Construction industry experts have estimated a workforce shortage in the industry of 650,000 in 2022, the product of both today’s high demand and years of inadequate training and hiring in the field. On top of this, production occupations—many of which are vital for manufacturing the materials and fixtures needed to complete construction projects—have also experienced a sustained decline in employment over time.