When something is in short supply, prices for that something go up. That something, in this case, is construction workers. WRAL.com reports:
A shortage of construction workers is adding to rising prices in the Triangle's real estate market.
Raleigh ranks second nationally on online real estate database Zillow's list of hottest markets for 2018, which considers factors such as income and population growth. Zillow said home prices rose about 5 percent on average in Wake County last year and will likely rise another 5 percent in the coming year.
Juan Perez, who owns Carolina Paint and Drywall, said increased labor costs are part of that increase.
"Our payroll, it went up 35 percent in the last two years," Perez said.