Dive summary:
- The National Association of Home Builders reports that its members said in a survey that more than half of them had to pay higher wages or higher subcontractor fees to get what they needed to get projects.
- The group also said 46% said they'd missed deadlines because of labor shortages, 15%refused work because they knew they couldn't get the labor to do it, and 9% lost sales for reasons connected to shortages.
- The NAHB says that every 1,000 homes builders erect generate 3,000 jobs and about $145.4 million in wages and that federal, state and local governments collect more than $89 million in tax revenues, on avarege, before property taxes are even included.
From the article:
"What used to be high-paying, skilled jobs vanished as builders across the nation went out of business or were forced to let workers go," said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. ...