Labor and Subcontractor Shortages Becoming Widespread

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.