Skilled labor shortages have been a concerning issue for new residential construction and remodeling for several years.
The Home Improvement Research Institute surveyed more than 550 contractors during the 2nd Quarter of 2023 to understand:
- How the skilled labor shortage is impacting their business
- Pros’ assessment of current economic conditions and how that translates into their company’s financial outlook
- Whether or not tax credits and rebates from the Inflation Reduction Act affected contractor lead volume, and to what degree that may impact contractor’s future sales pipelines.
See the recording to hear Dave King, HIRI’s Executive Director, discuss the findings of this research.
Download the recently released Contractor Topic Study covering the skilled labor shortage and financial outlook for contractors.