By Jann Swanson
Posted To: MND NewsWire
About a month ago, the National Association of Home Builders (NAHB) seized on the May Job Openings and Labor Turnover survey (JOLTs) report as an indication that the tight construction labor market might be loosening. The report indicated a decline in the number of unfilled job openings. The shortage of skilled labor has been cited by NAHB as one reason for the slow recovery of the residential construction industry. This month, it is a different story . Both the June JOLTS report and results of NAHB’s most recent survey of home builders are a cause for concern. NAHB said the report shows “the number of unfilled jobs in the construction industry rising significantly in June .” Their builders survey is more specific. Economist Paul Emrath writes in NAHB’s Eye of Housing blog that labor and subcontractor…(read more)
Via:: NAHB Says Labor Shortages Worsening
