NAHB: Record Share of Members Report Labor Shortages
More than 55% of single-family builders reported a shortage of labor across 16 trades.
Labor shortages, as reported by single-family builders and remodelers in NAHB’s latest surveys, have hit unprecedented highs since each of the surveys began and continue to exacerbate housing affordability challenges, along with lot shortages and heightened material costs.
According to the October 2021 survey for the NAHB/Well Fargo Housing Market Index (HMI), more than 55% of single-family builders reported a shortage of labor across 16 home-building trades, with the greatest shortage noted among carpentry trades (rough, finished and framing crews). The third quarter 2021 NAHB/Royal Building Products Remodeling Market Index (RMI) survey provided similar results across each of the same 16 trades, including a heightened challenge for rough and finished carpentry.
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Source: www.nahbnow.com
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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