1. NAHB/Wells Fargo Housing Market Index
NAHB Mid-Year Meeting
June 15, 2017
Rose Quint
NAHB Assistant Vice President
Survey Research

2. HMI > 50 = Builders FEEL optimistic
What is the Housing Market Index (HMI)?
It is a measure of how home builders FEEL about new home sales & buyer traffic
* Bloomberg * NPR * Wall Street Journal
* Marketwatch
* Fox Business
* Reuters
* CNN Money
* CBS Radio
* The Chicago Tribune
* Forbes
* The Associated Press
HMI > 50 = Builders FEEL optimistic

3. HMI at 69 in Dec’16 (Post-election)
HMI & Housing Starts
HMI at 69 in Dec’16 (Post-election)

4. Labor Shortages

5. 8 out of 10 Members are Facing Labor Shortages

6. Share Facing Labor Shortages Increases with Company Revenue

7. Very Few Members Have Used H-2B Visa Program

8. …But 2/3 Would Apply or at Least Consider It

9. What Kind of Companies Would Apply for Workers?

10. Young Adults & the Construction Trades
National poll
2, – 25 Year Olds
92% finished high school
50% male / 50% female

11. Know Desired Career Field?
Young Adults 18-25
Know Desired Career Field?
74% Yes
26% No/Not Sure

12. Young Adults 18-25
74% Know Field
What is that field?

13. Young Adults 18-25 74% Know Field 3% Overall Construction Trades
How About Across Different Demographic Groups?

14. Most Important Benefits of a Career in the Trades?
Young Adults 18-25
74% Know Field
3% Construction Trades
Most Important Benefits of a Career in the Trades?

15. Young Adults 18-25 26% Don’t know
% 1 or 2
26% Don’t know
What is the Chance you May Consider a Career in..? 1=Not a chance no matter the pay; 5=Very good chance if pay is high

16. Young Adults 18-25 26% Don’t know
63% of Undecided Young Adults indicated NO or little chance for a career in the trades
Why?

17. How much $$ to reconsider?
Young Adults 18-25
26% Don’t know
63% of Undecided Young Adults indicated little or NO chance for a career in the trades
How much $$ to reconsider?

18. All Young Adults in the Study
$56,150
(Median)
All Young Adults in the Study
How much do you think people in the trades earn in a year?

19. How Much Do Construction Occupations Pay In Reality?
Average
Top Quartile
First-Line Supervisors of Construction Trades and Extraction Workers
$65,620
$78,620
Construction and Building Inspectors
$60,380
$73,910
Plumbers, Pipefitters, and Steamfitters
$55,380
$68,940
Electricians
$54,800
$67,460
Tapers
$53,140
$69,560
Brickmasons and Blockmasons
$51,920
$62,800
Operating Engineers and Other Construction Equipment Operators
$51,380
$63,520
Glaziers
$47,070
$57,420
Carpenters
$46,910
$57,000
Terrazzo Workers and Finishers
$46,620
$58,280
Drywall and Ceiling Tile Installers
$45,640
$52,970
Tile and Marble Setters
$44,650
$54,610
Carpet Installers
$44,430
$56,320
Stonemasons
$43,860
$53,550
Floor Layers, Except Carpet, Wood, and Hard Tiles
$42,320
$51,150
Cement Masons and Concrete Finishers
$42,180
$49,830
Plasterers and Stucco Masons
$40,910
$47,740
Roofers
$40,590
$48,820
Painters, Construction and Maintenance
$39,570
$46,310
Construction and Related Workers, All Other
$39,210
$46,290
Insulation Workers, Floor, Ceiling, and Wall
$38,800
$45,110

20. Thank you
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