The Home Depot announced Thursday that it will donate from its Home Depot Foundation to The Home Builders Institute over the next 10 years, to train veterans, high school students and disadvantaged youth in the construction industry. The US has seen a decline in trained workers in the industry, affecting home building levels and housing prices. Soldiers will make up ¾ of the 20,000 construction workers who will be trained by this program.
Sales at The Home Depot to contractors total 40% of the company’s revenue. 84% of contractors surveyed by the NAHB – National association of Home Builders – stated worker availability and their cost is their most significant problem. The NAHB also stated that approximately 900,000 single-family homes will be built in 2018, but there is demand for 1.5 million. Shannon Gerber, executive director of The Home Depot Foundation, stated, “We want to bring shop class back, from coast to coast. We’re thrilled to train 20,000 next-generation plumbers, electricians, carpenters and beyond.”