Good News: United States housing starts have increased 11.3% so far in 2015, while commercial construction spending is up 9.7% in the first half of this year.
Now the bad news: So many construction workers left the field during the recession, that almost 70% of construction companies are having trouble finding enough skilled construction workers.
Now the very bad news, there is no end in site. Laborers are not returning to the construction workforce as the talent pool has dried up. So many schools and apprenticeship programs were closed during the downturn that few qualified young laborers are being taught valued skills.
If this trend continues, this could have serious ramifications in future construction growth.