Skilled Labor Challenges Impacts on Contractors Businesses in 2023

Skilled Labor Shortage in the Construction Industry [INFOGRAPHIC]

Jul 25, 2023

Of rising interest over the past decade has been the topic of a skilled labor shortage. To understand the current state of this skilled labor shortage as it relates specifically to the residential home improvement industry, our researchers at The Home Improvement Research Institute have been monitoring the implications of the skilled labor shortage since 2017.

Now, in 2023, here's where the situation stands:

Of ris­ing inter­est over the past decade has been the top­ic of a skilled labor short­age. To under­stand the cur­rent state of this skilled labor short­age as it relates specif­i­cal­ly to the res­i­den­tial home improve­ment indus­try, our researchers at The Home Improve­ment Research Insti­tute have been mon­i­tor­ing the impli­ca­tions of the skilled labor short­age since 2017. 

Now, in 2023, here’s where the sit­u­a­tion stands:

The State of the Skilled Labor Shortage in the Home Improvement Industry

Down­load the PDF ver­sion of this infographic

Mem­bers have access to the full reports and raw data sets used to com­pile the infor­ma­tion in this info­graph­ic includ­ing the

  1. Con­trac­tor Top­ic Study — Skilled Labor Short­age and Finan­cial Health (June 2023)
  2. Pro Home Improve­ment Month­ly Track­er (as of June 2023)

HIRI mem­bers gain access to the raw data behind info­graph­ics like this one, to slice-and-dice the raw data to suit the needs of their own cus­tomer insights teams and answer cross-depart­­­men­­­tal ques­tions about how to take home improve­ment prod­ucts to market.

Join the ranks of the top man­u­fac­tur­ers and retail­ers in the home improve­ment space. Book your mem­ber­ship con­sul­ta­tion to learn more about what kinds of mem­ber-exclu­­­sive infor­ma­tion your team would have access to.

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