Constructing A New Labor Force To Build Our Homes - with Edward Brady | Home Builders Institute

Jason Hartman welcomes Edward Brady, CEO at HBI (Home Builders Institute) to discuss the problems facing the construction industry today. Will there soon be no workers to build our homes? Not if Edward Brady and the HBI can help it! We lost a generation of skilled labor to higher education, but the Home Builders Institute is addressing this labor shortage problem by investing in young people through meaningful and skilled training and creating a new labor force of home builders. The construction industry simply can't build fast enough to meet demand, but as real estate investors know better than anyone, there will always be a need for skilled labor in this country. There is a severe labor shortage, a lack of housing inventory and housing affordability, but what can be done? Jason Hartman and Edward Brady take on these problems and much more.

""HBI (Home Builders Institute) is a national nonprofit that provides training, curriculum development and job placement services for the building industry. With job placement rates at over 80 percent for graduates, HBI training programs are taught in local communities across the country to at-risk youth, veterans, transitioning military members, justice-involved youth and adults, and displaced workers""

0:00 Introduction
0:42 Jason Hartman's 2022 Real Estate Predictions video is coming up next week! So stayed tuned for his thoughts on housing inventory, mortgage rates, rent increases, housing prices, recession and a housing market crash
5:39 Millennial home buyers, home renovation boom and continued price increases in construction costs
8:24 George Soros and the idea of reflexivity
9:45 Jason's predictions and Hartman Comparison Index™ at George Gammon's Rebel Capitalist Live this weekend in Houston, Texas
13:27 Welcome Ed Brady, former chairman of the National Association of Homebuilders and current president and CEO at Home Builders Institute
15:23 Some perspective from the Nashville, Tennessee market
16:48 The Home Builders Institute is trying to address the labor shortage by creating a new labor force to build homes
18:50 Young people entering into the trade industry will have entrepreneurial opportunities
20:00 The future of manufactured homes
21:30 Home building efficiencies through advancing technology have increased significantly
23:16 We lost a generation of labor to higher education
25:44 How ""short"" is the industry? Can we put a number on it? How many jobs in the construction industry do we have to create and train to keep up with the demand on the housing?
27:05 Due to the pandemic, HBI was able to update their learning management systems, simulations and digital presence
28:42 How can we solve the affordability problem? What about zoning and other regulatory burdens?
30:55 Cost benefit analysis in building codes
33:39 Downpayment assistance and the Community Reinvestment Act
35:44 What percentage should the home ownership rate be?
37:24 The whole FICO score system is just totally outmoded
38:31 The construction industry simply can't build fast enough. We have to invest in our young people by giving them meaningful and skilled training
40:48 We will always have a need for skilled labor in this country

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