Labor shortage HERO

Labor Shortage in the Construction Industry [INFOGRAPHIC]

May 06, 2020

In the first quar­ter of 2020, the Home Improve­ment Research Insti­tute (HIRI) part­nered with The Farnsworth Group to sur­vey more than 500 con­trac­tor pro­fes­sion­als to gain their insight into the labor short­age and how it has impact­ed their busi­ness. Here are a few highlights:

Half of the pro­fes­sion­als sur­veyed said that at least one of their projects was delayed due to the labor short­age and of these, 35% expe­ri­enced sig­nif­i­cant delays of more than 3 weeks.

53% of con­trac­tor pro­fes­sion­als are tak­ing on few­er projects in order to com­bat the labor short­age. Oth­ers are nar­row­ing the types of projects they’ll take on and/​or the geo­graph­ic region they will service.

Labor Shortage in the Construction Industry

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