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Stock impact report

Building The Trades: We Can’t Afford A $10 Billion Annual Housing Loss [Forbes]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Forbes
While there are many levers driving that crisis, one critical factor is a shortage of skilled trade workers. New research from the Home Builders Institute and the National Association of Home Builders (NAHB) revealed that the skilled labor shortage is causing an annual economic impact of $10.8 billion in the single-family home building sector. While home builders face higher material costs and more regulation that adds to time delays and extra costs, they also are scrambling to find skilled labor to start new home projects. The shortages mean fewer new homes are built, which means fewer homeowners are moving up, and fewer existing homes are becoming available to first time buyers as a more affordable option. Without having skilled labor, construction times are extended by an estimated two months. That extended construction time is responsible for the annual economic impact of $10.8 billion, which can be broken down into higher carrying costs and lost production. Extended constru Show less Read more
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