Reported 8 months ago
US homebuilders are facing challenges with high mortgage rates, limited capital, and a shortage of skilled labor for construction projects. The National Association of Home Builders (NAHB) highlights the need for immigration reform to address the industry's high demand for labor, with a significant portion of carpenters and construction laborers in the US being foreign-born. NAHB CEO Jim Tobin emphasizes the importance of workforce development and legal immigration for the construction industry, calling for a visa system to allow skilled immigrant workers to fill the labor gap.
Source: YAHOO