Job growth stabilizes - By Alana Roberts, In Business Las Vegas
Steve Holloway, executive vice president of the Associated General Contractors Las Vegas Chapter, said the demand for labor continues to be a major challenge for contractors.
'It's having a significant impact on the cost of projects,' Holloway said. 'Contractors are limited in the number of projects they bid on because they simply can't get the qualified labor to meet their schedules. The cost of labor has been going up.'
However, he said, labor costs don't have as much of an impact on the cost of construction as other factors.
'There are really (five) things that are affecting the cost of construction,' he said. 'One major one is the cost of land, the second one is the cost of government fees, three would be the cost of materials, number four would probably be the cost of labor and fifth would be finding qualified labor.'
Jim Sala, director of organizing Nevada of the Southwest Regional Council of Carpenters, said the union, which primarily performs commercial work, is keeping an eye out for which projects will be completed and which ones won't.