Homebuilder Labor Shortage Hurting Affordability

Homebuilders said last month that they continue to face labor shortages that are driving housing prices higher, according to a new survey by the National Association of Home Builders. So reports Boston Agent Magazine.

The survey found that building shortages remained widespread across each of more than a dozen construction trades, ranging from 47% of respondents citing a shortage of building maintenance managers to 83% reporting a lack of framing crews.

Three-quarters of survey respondents said the effects of labor shortages over the past 12 months included forcing them to raise home prices.

Read the full article from Boston Agent Magazine.

Related Content

Ask The Expert: What Determines Success? (Part 2)

Bill Bodnar of MMG: Let’s Talk About The Fed

Developer Pleads Guilty to Condo Conversion Fraud