Builders Rate their Biggest Challenges

Filed in Construction Industry, Economics by on May 3, 2015 1 Comment

Builders continue to be worried about the cost and availability of labor and building materials, according to a January survey conducted by NAHB and reported in an April 24 post by economist Stephen Melman in the Eye on Housing blog.

The survey showed that 68% of builders rate the labor issue as a critical concern and one that has steadily increased in importance over the past two years, with 53% rating labor as a significant problem in 2013 and 61% last year. This upward trend suggests an improving housing market, with an expected skilled labor shortage constraining the recovery, Melman says.

Stronger demand in 2015, coupled with low mortgage rates and improving credit conditions, suggest renewed pressure for higher building material prices.

Another issue: the regulation of banking and financial institutions, rated as a concern by more than 60% of builders over the past three years.

Read more in the Eye on Housing blog post Top Builder Challenges, or contact Melman at 800-368-5242 x8245.

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  1. Looking back on this – the labor issue in the building materials industry hasn’t gotten any better!!

    James Aiken

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