The cost and availability of labor is the top challenge home builders expect to face this year according to the National Association of Home Builders. The other top 10 significant problems builders say they will face in 2016 are:
1. Cost/availability of labor: 76%
2. Cost/availability of developed lots: 59%
3. Federal environmental regulations and policies: 57%
4. Building material prices: 56%
5. Impact/hook-up/inspection or other fees: 55%
6. Concern about employment/economic situation: 55%
7. Regulation of banking/financial institutions: 53%
8. Gridlock/uncertainty in Washington making buyers cautious: 53%
9. Local/state environmental regulations and policies: 49%
10. Inaccurate appraisals: 48%
