Worker Shortage Raises Nonresidential Construction Costs

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It’s summer, which means home building should be heating up.

But in many parts of the country, construction activity isn’t growing as fast as it could be — thanks to a lack of workers.

The construction industry’s unemployment rate is at a record low. It was at 5.3 percent in May — the second-lowest rate since May 2000, according to Associated Builders and Contractors (ABC), an industry trade group.

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