According to the National Association of Homebuilders, a record share of single-family builders reported shortages of labor and subcontractors in July. In a survey, they conducted builders were asked about the effects the shortages were having on their businesses. Builders noted having to pay higher wages and an increase in subcontractor bids as the most common problem. This increased, in turn, had a two-pronged effect forcing them to increase home prices (83 percent) and making it difficult to complete projects on time. Since 2015 these have consistently ranked as the most commonly … (1 comments)
Labor and Subcontractor Costs Outpacing Inflation adding to Raising Home Prices
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