New DEWALT Survey: 53% of Commercial Contractors Say Skilled Labor Gap Holding Down Revenues

According to the Powering the Future survey released by DEWALT, a Stanley Black & Decker brand, 53% of commercial construction contractors feel a lack of skilled workers is a barrier to growing their current business.
The lack of skilled labor threatens to hold back overall industry growth and remains a critical focus for the year ahead:
  • 48% of contractors in commercial construction say finding enough skilled workers is one of the biggest challenges they face on the job
  • 48% of commercial construction contractors identify training the next generation of workers as the most critical industry focus for 2023 and beyond
To help fill the gap, DEWALT is now accepting applications for the DEWALT Trades Scholarship, which will award students each with $5,000 grant to pursue a skilled trade educational program during the 2023-24 academic year. Please see the enclosed release for more information about the scholarship program and insights from the DEWALT survey.
October also marks the nationally recognized Careers in Construction month, which aims to increase awareness of opportunities within the construction and building trades industry.

will be held January 26th, 2023, Noon to 4 PM EST with Atlanta locals in person and rest of country virtual via Zoom.

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January 26th, 2023
The 13th Annual Hybrid Summit will be held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections was held on December 14th, 2022, 1 PM to 2 PM EST via a Zoom. 2023 Virtual Women in Construction TBD.

2023 Virtual Men’s Round Tables

2023 Men’s Round Table #1 will be held Q1, 2023

2023 Virtual Women’s Round Tables

2023 Women’s Round Table #1 will be held Q2, 2023


Hotel construction shows signs of life

Hotel construction, which has declined for the past two years. showed a slight increase at the end of the year, STR reports. Luxury and upscale hotels in Dallas, New York and Phoenix have the largest percentage increases in construction. Lodging  

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