We’ve seen this collision before when two indicators of nonresidential construction activity are released virtually at the same time, with each moving in a different direction. The divergent reports support comments I’ve heard lately from contractors, wholesalers and manufacturers that the road to economic recovery remains a bumpy one.
Meanwhile, a lack of buildable lots and increased costs for materials and labor are also contributing to the problem.
March 27, 2013
Growing labor shortages in all facets of the residential construction sector are impeding the housing and economic recovery, according to a new survey conducted by the NAHB.