Back to today’s briefing

Story perspectives

250,000-Worker Shortage Slows U.S. Homebuilding, Raises Prices

7/13/2026

50 10 Full Breakdown

Summary

Story summary

U.S. homebuilders say a skilled-worker shortage is slowing construction and widening the housing gap.
Jim Tobin, president of the National Association of Home Builders, says the industry lacks about 250,000 workers each month.
Ed Brady, Home Builders Institute chief, says labor constraints add nearly two months to building timelines, raising costs.
A Fed study links President Joe Biden’s illegal-immigration surge to higher rent and home prices.

1 of 1

Story summary

U.S. homebuilders say a skilled-worker shortage is slowing construction and widening the housing gap.
Jim Tobin, president of the National Association of Home Builders, says the industry lacks about 250,000 workers each month.
Ed Brady, Home Builders Institute chief, says labor constraints add nearly two months to building timelines, raising costs.
A Fed study links President Joe Biden’s illegal-immigration surge to higher rent and home prices.