Top challenges for builders: Cost/availability of labor in 2019 and 2020
from Eye On Housing
Cost and availability of labor topped the list of problems builders faced in 2019, and is expected to return to the number one spot in 2020, according to special questions on the December survey for the NAHB/Wells Fargo Housing Market Index. The survey results showed that cost and availability of labor were a significant issue for 87% of builders last year. In 2020, however, a slightly smaller share — 85% of the builders — expect them to continue being a problem.
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