This week, we are taking a hard look at what's happening in the construction industry...side note we are on a mission to flip that industry upside down every which way to Sunday.
I'm sure you've heard it several times now...
"Sorry the project's delayed due to the labor shortage," or "The groundbreaking on your new house build is now going to be August of 2023 instead of August 2022."
While we believe what is happening is definitely tied into the great realignment, it also goes deeper than that. It's not just that everyone decided to be woke during the pandemic and figure out what they really wanted to do in the careers and time and jumped ship from toxic employers.
How many of you were encouraged to go to trade schools instead of university? Or encouraged your kids to go to trades schools back in the 90s/early 2000s? I am 100% a product of the "Go to college" route. And while I feel it lead me to the path I'm on now, I can't help but wonder what would have happened if I would have picked a trade or vocational training to pursue?
Did you know....
...there were over 800,000 new home builds sold nationwide in September 2021? Or that the construction industry is projected to grow by 7% between now and 2030?
So what IS contributing to this "labor shortage" and how do we fix it?
We believe it's a combination of: Lack of skilled trades, toxic company environments, and low pay for their teams, along with the massive growth more suburban areas are seeing.
We know it's a tough market, projects are delayed and backed up. The current average wait times for home renovation projects to start? 6-9 months. Right now, on average, we are scheduling projects to begin as far out as January 2023. I can't even get a contractor to put me on their cancelation list because their waitlist for that is already full.
With that being said, know that we are here to help mitigate the labor shortage challenges to the best of our ability. We strive to work with contractors who have clarity around communication in their business and the right teams in place, no underdog tricks with hiding numbers in their budgets, confidence knowing they are trustworthy and aren't going to cut corners. And we look for contractors who will see the project through to completion and not leave you hanging.
Do you have an upcoming project? We would love to talk with you about how we can help manage the details of that project. Schedule a free project call with us today!
PS.. next week we will take a break from our blog.. in observance of the 4th of July Holiday. We 100% embrace a family time here at Sonder Luxe Solutions and do our best to give ourselves and our team that balance between work and home life.
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