Everything that goes into a building project, from diesel fuel to plastics to gypsum for drywall, is getting more expensive.
Study shows commercial construction employment is still down about 5% from before the pandemic.
The Houston area lost the most construction jobs of any big city over the last year.
A training program for high school students in the juvenile justice system aims to expand the pool of candidates for entry-level jobs.
And more job losses are likely on the way.
The number, coming before the coronavirus outbreak intensified, crushed expectations.
Home Depot posted better-than-expected earnings and revenue for the fourth quarter.
"The labor shortage continues to be the number one issue for homebuilders," one economist said.