Most Homebuilders are Small Businesses

By Housing
New NAHB research shows that despite declining self-employment rates and the rising top builder market share, residential construction remains the industry of independent entrepreneurs with close to 80% of homebuilders and specialty trade contractor firms being self-employed independent contractors. Even among firms with paid employees, the industry continues to be dominated by small businesses, with 63% of homebuilders and two… Read More ›

Labor Scarcity Will Increase

By Industry News
The overall economy has 9.2 million unfilled jobs, nearly 300,000 of which are in the construction sector. NAHB economists expect labor to be a rising challenge for construction firms as the overall labor market heals in the coming quarters.