Topping the list of problems builders faced in 2015 and expect to face in 2016 is the cost/availability of labor, according to a recent survey that NAHB conducted of our members.
As NAHB economist Ashok Chaluvadi reported in a recent Eye on Housing blog post, 76% or builders expect this to be a major issue in 2016. Labor concerns have increased in importance during the past three years. In 2013, 53% of builders rated labor as a significant problem, followed by 61% in 2014 and 71% in 2015. An expected skilled labor shortage can constrain an improving housing market.
To read more, click HERE.