Upzoned We Need More Housing—But Also More People Who Can Build More Housing
Are there enough construction workers to build the housing we need in the U.S. and Canada? According to The Globe and Mail, the Ontario government has stated that the province will need 100,000 new construction workers and 1.5 million homes over the next decade.
However, a current shortage in skilled trades and labor means that the process of building homes now takes longer than before, and the situation has only been exacerbated since 2020, as many construction workers retired during the pandemic. As such, industry leaders are not optimistic about meeting forecasted housing needs, as there are just not enough new people to replace those who recently retired—along with those expected to retire in a looming retirement boom.
This is one of those acute problems that feels overwhelming to the point where you want to step back and say, "How the heck did we get here?" Tune in to today's episode of Upzoned to find out.
ADDITIONAL SHOW NOTES-
“Are there enough construction workers to build the housing we need?” by John Lorinc, The Globe and Mail (October 2022).