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Skilled Labor Shortage Adds $2,500 to Cost of New Homes, Homebuilding Leader Says
Original: VIDEO: Homebuilding Leader Says Skilled Labor Shortage Adds $2,500 to Cost of New Homes
A homebuilding industry leader says the ongoing shortage of skilled construction workers is adding roughly $2,500 to the cost of every new home built in the United States. The comments highlight how labor shortages, alongside high material costs and interest rates, continue to pressure housing affordability and slow construction of badly needed new housing supply.
Why now: Housing affordability and construction costs remain a hot topic for buyers, builders and policymakers.
homebuilding industryRealtor.comUnited States housing market
Evidence
- VIDEO: Homebuilding Leader Says Skilled Labor Shortage Adds $2,500 to Cost of New Homes · Realtor.com
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