Feast or Famine; Home Builders now Face Labor Shortages

Hot news from AZ Home Help:

Posted To: MND NewsWire

Residential home builders are reporting that a lack of available labor is hampering new home construction the National Association of Home Builders (NAHB) said today. The worker shortage is evident in most of the trades. Homebuilders responded to a survey by NAHB with more than half reporting they had encountered labor shortages over the last six months that have caused them to pay higher wages or subcontractor bids and consequently raise the price of completed houses. Forty-six percent said they had experienced delays in completing projects, 15 percent had to turn down work, and 9 percent lost or cancelled sales because they could not find appropriate help. "The survey of our members shows that since June of 2012, residential construction firms are reporting an increasing number of shortages...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/03212013_housing_recovery.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com