Filling construction jobs is still builders' top challenge
The cost and availability of labor remains a top supply-side headwind for homebuilders and remodelers as the residential construction industry expands. Over the past few years, the issue has increased in importance according to NAHB industry surveys. In 2013, 53 percent of builders rated the issue as a significant problem; that share increased in 2014 and 2015 to 61 percent and 68 percent, respectively. For 2016, 76 percent of builders indicated that they expected cost and availability of workers to be a significant problem, making it the top business concern of the industry.
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