The NAHB’s Eye on Housing is reporting that the shortage of labor and subcontractors reached a critical point in July with the shortage of rough carpentry contractors being experienced by 90% of builders surveyed. According to the results, “shortages of labor directly employed by builders were at least fairly widespread for each of the 15 occupations, ranging from a low of 47 percent for building maintenance managers to a high of 83 percent for rough carpenters.” The survey was conducted in July for the NAHB/Well Fargo Housing Market Index.
- Student Housing on Road to Recovery
- Yardi Says Supply is Key to Multifamily’s Future
- Housing Starts Tumble 14.8% in January
- Inflation Comes in at 3.1% in January
- The Median Age in Every State
- How High are the Sales Taxes in Your State in 2024?
- Credit Card and Auto Loan Delinquencies Continue Rising
- How this Investor Helped His Dad Retire with Fix-n-Flips