The cost and availability of labor was reported as a significant problem by 82% of builders in 2021 and is expected to rise to 85% this year, the NAHB/Wells Fargo Housing Market Index reports.
To help ease severe worker shortages that are raising housing costs and delaying construction, homebuilders must make fundamental changes to the way they do business, Ed Brady, CEO of the Home Builders Institute, said recently at the 2022 International Builders’ Show in Orlando.