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Skilled labor shortage delays homebuilding, raising costs and worsening US housing gap

Market News
12 Jul 2026
Fox Business
View Source
Bearish
pluang ai news

The US housing market faces a significant skilled labor shortage, with around 250,000 construction jobs unfilled monthly, slowing homebuilding and increasing costs. This shortage extends construction timelines by nearly two months, inflating prices and delaying new home availability amid high demand. The National Association of Home Builders estimates 723,000 new workers are needed annually to close the 1.5 million-home gap. Industry leaders stress that attracting more skilled workers, including those without four-year degrees, is crucial to meet housing demand and stabilize prices.

More News

QAIAx launches AI-driven platform for alternative sentencing and social VR, advancing smart city tech.

QAIAx launches AI-driven platform for alternative sentencing and social VR, advancing smart city tech.

QAIAx Microcities Clinical Trial announced a new patent update for its open-source military-grade AGI platform, QAIAx Cool World, which enables holoportation and hybrid human-AI civic workforce models. The platform supports alternative sentencing and...

Others
Neutral
4 hours ago
LAB token plunges as insider-linked wallets dump 81.5M tokens, sparking fears of further sell-offs.

LAB token plunges as insider-linked wallets dump 81.5M tokens, sparking fears of further sell-offs.

LAB's price dropped sharply due to coordinated selling from insider-linked wallets holding 81.5 million tokens. Over 196 million LAB were moved from the team’s accounts in April, fueling a 54% price decline to around $0.55. Despite brief rebounds, te...

Technical Signals
Bearish
5 hours ago
Bitcoin dominance rises as altcoins weaken and crypto derivatives volume jumps.

Bitcoin dominance rises as altcoins weaken and crypto derivatives volume jumps.

Bitcoin and Ethereum prices dipped slightly while altcoins mostly fell, signaling cautious trading in the crypto market. Bitcoin's market share increased marginally to 58.42%, indicating a shift toward safer large-cap assets amid weaker altcoin deman...

Market News
Neutral
5 hours ago
Next crash to start in bond market, not Bitcoin, warns Peter Schiff.

Next crash to start in bond market, not Bitcoin, warns Peter Schiff.

Peter Schiff warns the next major market crash will begin with a breakdown in the U.S. Treasury bond market, driven by rising yields that increase borrowing costs. He argues this will pressure stocks, deepen the housing slump, and slow economic growt...

Market News
Bearish
5 hours ago
Top Tesla investor Ross Gerber accuses Michael Saylor of harming Bitcoin with risky debt strategies.

Top Tesla investor Ross Gerber accuses Michael Saylor of harming Bitcoin with risky debt strategies.

Ross Gerber, a prominent wealth manager and major Tesla investor, criticized Michael Saylor, founder of Strategy, for damaging Bitcoin by using reckless leverage and market manipulation. Gerber accused Saylor of causing Bitcoin price drops by selling...

Market News
Bearish
6 hours ago
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