A survey of single-family builders conducted by NAHB in June 2016 shows that shortages of labor and subcontractors have become more widespread than they were a year ago, says Eye on Housing's Paul Emrath.

56 percent of builders reported either some or a serious labor shortage this year. For perspective, only 21 percent of builders reported either some or a serious shortage in 2012 and 52 percent in 2015. The shortages of subcontractors are even more widespread.

"78 percent of builders reported a shortage (either serious or some) of rough carpentry subcontractors, compared to 72 percent who reported a shortage of rough carpenters they directly employ; 67 percent reported a shortage of bricklayer/masonry subcontractors, compared to 57 percent for bricklayers and masons the directly employ; and so on."

The most common effects of the shortages have been causing builders to pay higher wages/subcontractor bids (reported by 75 percent of builders) forcing them to raise home prices (68 percent) and making it difficult to complete projects on time (58 percent)."

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