Everyone keeps looking at Wall Street and the largest companies in the world for economic data. These may be what people look at, but they should be looking at the home improvement industry. Home Improvement, Trade Contractors, and Home Builders drive the economy.
Local contractors impact the economy in many ways. There is a very large “hidden” layer of contractors that are out each day fixing sinks, cleaning yards, and cleaning homes. Most of these small jobs are paid in cash or personal check. This is a multi-billion-dollar segment of our economy (if not hundreds of billions). The government cannot even estimate how much commerce is done locally.
These contractors feed local small businesses and larger corporations. Producers of taxes that are on parts, food, gas, and more. A true powerhouse of the economy. Superstars that save Americans money and feed municipalities much needed tax dollars.
Unhidden Trade Contractors Build America
Roofers, Landscapers, Siding Contractors, Carpenters, and More
Register licensed trade contractors are numerous. They provide a high degree of commerce everyday. Their impact is hard to understand. They are the glue between Main Street and Wall Street. Uplifting large corporations, retail, importers, municipalities, consumers, and others. Their influence on the local economy should not be taken lightly. From local breakfast spots to small hardware stores, state licensed home contractors deliver much needed sales.
Small Local Trades Impact:
- Job Creation
- Local Supply Companies
- Motels, Hotels
- Gas Stations, Convenient Stores
- Restaurants, Food Trucks
- Hardware Stores
- Big Box Stores
- Toll Roads, Tax Agencies
- Consumers, Local Businesses
They provide billions of dollars of positive impact each year. They are friends, neighbors, colleagues, community members, and regional visitors.
The Need for More Skilled Trade People
Are You Able to Meet the Need?
With the world undergoing extensive change, it is important to understand where the jobs will be for the next 5 to 10 years. To position yourself to earn excellent income. According to Fox Business “The construction industry needs to attract 439,000 new workers in 2025 and 499,000 in 2026 as Mike Rowe warns of implications from the skilled labor shortage.”
The skilled labor shortage is responsible for the lost production of thousands of newly built homes, according to the Home Builders Institute’s (HBI’s) Fall 2025 Construction Labor Market Report. The report quantifies the size and impact of the skilled labor shortage at $10.8 billion per year.
NAHB’s economics team found that the aggregate annual impact of the skilled labor shortage in the home building sector is $2.663 billion in terms of higher carrying costs and $8.143 billion in terms of lost single-family home building (19,000 homes). This represents a combined aggregate economic effect of $10.806 billion because of longer construction times associated with scarce skilled labor.
Think about this statement. How can you participate in an industry sector that needs more skilled workers. Is the skilled labor industry for you?
Home Builders Enhance the Landscape of America
Empowering Growth While Making Home Shine
This segment of the real estate industry is huge. Supplies income to so many professionals on each transaction. From real estate attorneys to real estate agents to home inspectors — home builders feed the economy.
Construction directly accounts for 4-4.5% of U.S. GDP, equating to $1.2 trillion in value added by 2023, with projections holding steady into 2025 amid infrastructure booms.
It employs 8.2-8.3 million workers as of 2024, spanning trades, engineering, and management, with BLS forecasting 380,100 new jobs by 2033—a 4.7% rise faster than the national average. High-wage roles place average weekly earnings in the top 40% of industries, bolstering household incomes and consumer spending.
