What Do We Tell Our Customers? : Labor Shortage, Material Delays Hamper Home Construction flatlandkc.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flatlandkc.org Daily Mail and Mail on Sunday newspapers.
The Case-Shiller Index, which measures U.S. home prices, saw record annual growth of 19.7% for July, the latest month for which the index is available. It marked the fourth consecutive month that annual growth in home prices set a new record.
Demand for housing has skyrocketed during the pandemic, but homebuilders and remodelers haven’t caught up because of labor shortages and long wait times for raw materials, tripling the timeline of some housing projects.