8C — November 19 - December 23, 2021 — Professional Services — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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The new concrete plant will be seventh concrete plant in the Northern Virginia market Chaney Enterprises to open new concrete plant in Leesburg, Virginia
EESBURG, VA — Chaney Enterprises , a ready-mix concrete, aggregates, custom blends, and related construction sup- plies provider, announces a new concrete plant location in Leesburg, Virginia due to open operations first quarter of 2022. Chaney Enterprises’ new ready-mix concrete plant in Loudoun County will be lo- cated at 42824 Durham Court and will service the thriving Leesburg market. This new fa- cility will be a state of the art, completely enclosed Treyco L
along with Lorton, Gainesville, Bealeton, Stafford, Spotsylva- nia, and King George. MAREJ
Outlaw with a high-capacity output, capable of 200 yards per hour. “We are elated to announce this addition to our footprint in Northern Virginia. In addition to this ultramodern facility, lo- cal customers in the northern Virginia construction market will have access to numer- ous technology offerings as well as our remarkable team members who make up the best and most passionate in the industry,” said Francis “Hall” Chaney, III , chief executive officer for Chaney Enterprises.
Customers in this market can also access Chaney’s por- table concrete plants and new concrete pumping division, CE Pumping. To keep track of orders, customers are encour- aged to take advantage of the convenient Chaney Customer App. This app allows for both concrete and aggregate cus- tomer to check their order status, verify their delivery date, change the quantities of products ordered, and most importantly get the real time location and delivery status of their order. The new Leesburg concrete
plant will be Chaney Enter- prises’ seventh concrete plant in the Northern Virginia market
Labor shortage weakens housing supply and affordability is 740,000 new workers per year for the next three years.
WASHINGTON, DC — A lack of skilled construction labor is a key limiting factor for im- proving housing inventory and affordability, according to a new report by the Home Builders Institute (HBI) . Additionally, the report cautions that the re- quired number of construction workers to keep up with demand
HBI’s Fall 2021 Construc- tion Labor Market Report’s estimation of the current need for additional workers is based on a new analysis of Bureau of Labor Statistics data by the National Association of Home Builders (NAHB) . The estimate is determined by ap- proximating the required net growth in employment due to construction expansion plus the workers required to replace individuals who leave the sector permanently. “The construction industry needs more than 61,000 new hires every month if we are to keep up with both industry growth and the loss of workers either through retirement or simply leaving the sector for good,” said HBI president and CEO Ed Brady . “From 2022 through 2024, this total repre- sents a need for an additional 2.2 million new hires for con- struction. That’s a staggering number.” Meanwhile, the report shows home sales outpacing home construction, resulting in grow- ing backlog and supply-chain bottlenecks. More than 12 mil- lion new households have been formed since the beginning of 2012, while only 10 million new homes for ownership and rent were built during the same time. “The U.S. is experiencing a historically low supply of homes for sale, especially at the lower price points that newly formed households tend to need,” Brady said. "For residential construc- tion to expand and housing affordability to increase, more skilled building trade workers must be recruited and trained for the home building sector.” The report, based on research of NAHB’s Economics Group, provides an overview of the state of the nation’s construction labor market. “The construction worker shortage has reached crisis level,” said Brady. “The situ- ation will become more chal- lenging in the coming year when other industries rebound and offer competitive wages and benefits to prospective employees.” MAREJ
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