New Builds Are Up Nationally, But Face Challenges
Thursday, December 4, 2014
New builds are on the rise nationally....and are up big in North Texas.
As builders continue to have record new home starts this year, costs and build times continue to rise. Almost half of Texas construction companies are facing the challenges of losing their workers to other, higher-paying industries. The shortage of contractors is creating rising costs and longer build times. In Texas, over 90 percent of construction firms reported that they faced challenges in finding workers and 48 percent reported that lost workers to other industries. Rising demand for oilfield workers has been a major culprit of luring away construction employees over the past few years. Read the full article here...
