Skip to main content

$700K Endeavor to Fund Home Construction Career Training

Phil Hall
Jan 27, 2020
Photo credit: Getty Images/photovs

A new philanthropic collaboration is providing $700,000 in funding for high school students to train for careers in the home construction industry.
 
The Home Builders Institute (HBI) announced The Home Depot Foundation will commit up to $500,000 to this endeavor, while the National Housing Endowment (NHE), the philanthropic arm of the National Association of Home Builders (NAHB) has pledged $200,000 to support the effort. The HBI said the funds will be used to provide high school students with hands-on curriculum, along with instructor training and materials. Upon completion, students will earn a pre-apprenticeship certification endorsed by NAHB and recognized by the U.S. Department of Labor.
 
The organizations pointed to industry data showing there are an estimated 311,000 open jobs in residential construction fields including carpentry, electrical and plumbing, and they added that they plan to work with the nearly 650 state and local homebuilders associations (HBAs) to reach out to teachers, parents and students.
 
“Residential construction growth will continue in 2020 and thereafter, supported by low interest rates, solid economic growth and a lack of housing inventory,” said NAHB Chief Economist Robert Dietz.
 
Ed Brady, HBI’s president and CEO, said: “At the same time, the homebuilding industry faces a skilled trades gap. As a result, opportunities for well-paid, rewarding careers in residential construction are tremendous.”

 
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021