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Home / Industry / Construction / Skilled labor shortage means higher new home prices (access required)

Skilled labor shortage means higher new home prices (access required)

The ongoing shortage of skilled-trade workers in the construction industry continues to impact new home prices nationwide. In a survey of contractors for the National Association of Home Builders/Wells Fargo Housing Market Index, 87 percent said the labor shortage has led to higher wages and higher subcontractor bids, 81 percent indicated it was difficult to complete ...

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