May 2, 2024 11:32 pm
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Labor shortages adding to new home costs

Labor shortages

Labor shortagesBy Jann Swanson | Mortgage News Daily

Since the recession officially ended a lack of labor and materials has blamed in part for the sluggishness of new home construction, at least by the National Association of Home Builders (NAHB). Now they have proof that not only are the labor shortages real but they are growing.

NAHB conducted a survey of single-family homebuilders in June and found that shortages of labor and subcontractors, which they said were already quite widespread in mid-2014 have become even more acute, covering virtually every trade.

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