By Robert Isler
With a “current conditions” score of 88.8 out of 100, and year-over-year growth expectations near 16%, you couldn’t blame the casual observer for believing that the Building & Construction sector of K&B doesn’t have a worry in the world. After all, that’s the highest quarterly rating it has ever received since the inception of the NKBA/John Burns Kitchen & Bath Market Index (KBMI) nearly three years ago.
Despite exceedingly strong business conditions, however, member feedback for the Q2 report also revealed three major challenges, including continuing supply-chain woes, price increases and rising costs, and the still-severe skilled labor shortage. In fact, most companies report having to dole out generous raises to maintain employees.
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