Builders Less Concerned about Material Costs

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Posted To: MND NewsWire

One problem solved? Perhaps, but there are always others waiting in line. The National Association of Home Builders (NAHB) asks its new home builder members annually, as part of its January NAHB/Wells Fargo Housing Market Index survey, to name what they expect to be their top business problems in the coming year. In 2018 the cost of materials led the list, followed by issues regarding labor. Eighty-seven percent of respondents in the 2018 survey cited materials while 82 percent named the cost and availability of labor. This year the former problem sank to a potential issue for 69 percent, and 82 percent still cited labor shortages, returning it to its pre-2018 position as the most widespread challenge facing builders. That still leaves materials in second place and the importance of other problems…(read more)

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