The labor shortage for the remodeling industry continues to impact the industry, according to a recent survey by the National Association of Home Builders (NAHB) Remodelers. NAHB released the survey results, which highlights availability of labor and subcontractors, to kick off National Home Remodeling Month in May.
“The labor shortage continues to be one of the top concerns for remodelers across the country,” said NAHB Remodelers Chair Tim Ellis, CAPS, CGP, CGR, GMR, Master CGP, a remodeler from Bel Air, Md. “An ongoing challenge for remodelers is keeping their prices competitive while dealing with the increasing costs of labor.”
Remodelers also reported leading effects the labor shortages have on their businesses:
- 78 percent higher wages/subcontractor bids
- 72 percent higher prices for customers
- 67 percent difficulty completing the projects on time
- 53 percent turning down some projects