Residential Construction Offers New Job Opportunities During Economic Recovery
After the devastating job losses experienced across the country in March and April, construction hiring surged and job openings increased in May to 365,000. In a positive sign, home builders and remodelers added 83,200 jobs in June, after gaining 224,200 in May.
To help members promote their skilled trade opportunities, NAHB developed promotional materials and detailed information about six popular construction trades.
To further amplify the new job opportunities available in this evolving economy, the White House's American Workforce Policy Advisory Board yesterday launched an ad campaign focused on "finding something new" and acquiring the skills needed for a new career. The campaign's Find Something New website allows job seekers to find online learning opportunities, certificate programs, training programs and apprenticeships.
HBI is included as a partner in the "Vocational, technical and trades education" section of the site to help prospective employees learn about the training opportunities available to enter the construction trades.
"I commend the White House's American Workforce Policy Advisory Board for the announcement with the Ad Council. We have an incredible partnership with The Home Depot Foundation in providing skills training in the trades for promising careers in the construction industry," said HBI President and CEO Ed Brady. "The construction industry provides a pathway for those new or displaced workers to a well-paying career. Those who gain a skill also have a great opportunity to become business owners and employers. We welcome all those who are interested in 'finding something new.'"
The White House American Workforce Policy Advisory Board is part of an executive order that President Trump signed in 2018 to develop a national strategy for training and retraining workers for high-demand industries. As part of this effort, NAHB and HBI pledged to train 50,000 workers over the next five years.
As the industry continues to work during this unprecedented time, the health and safety of construction workers is always top priority. NAHB's detailed plan for jobsite safety during the pandemic provides protective guidance and measures that all employers and workers should follow on the jobsite.
For more information about NAHB's workforce development initiatives visit nahb.org or contact Greg Zick.
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Across the country, the Home Builders Institute works alongside home builders associations and their foundations to bring skilled trades education to more students and connect that education to opportunities in their communities.
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Housing’s share of the economy was 15.7% in the third quarter of 2026, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is down from 15.8% in the second quarter and down from 16.0% a year ago. Residential construction, measured by residential fixed investment, fell for the sixth time over the past eight quarters.
The Federal Reserve’s preferred inflation gauge accelerated in September after holding at 3.0% for three consecutive months, complicating the Fed’s path to its 2% target. Consumer spending continued to be pushed up by elevated energy prices rather than income growth, driving the personal saving rate to the lowest level in nearly four years.
The U.S. economy grew at a faster pace in the third quarter of 2026, supported by stronger consumer spending, robust business investment, and increased government spending. However, residential investment remained a weak spot, highlighting the continued challenges facing the housing sector amid elevated borrowing costs.