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5 crucial issues impacting the construction industry

from Construction Dive

Contractors in all sectors of the construction industry have expressed their frustrations about how much meeting regulatory requirements is costing them. A recent National Association of Home Builders report found that government fees — local, state and federal — added nearly 25 percent to the cost of a home. Trade associations are also fighting the Department of Labor over new stipulations in the agency's silica and overtime rules — changes the industry said will cost contractors millions, perhaps billions, to fully comply. Costs to homebuilders are so steep that they are limiting the supply of entry-level homes, making it more difficult for first-time buyers to enter the housing market. more

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