It is a bit of a constraint to construction. It's slowing things down a little bit, but our concern in the longer term is that it's going to get worse with the shift from low-rise to high-rise housing. A lot of the trades have left the low-rise business. For certain trades—most recently carpenters, bricklayers, and things of that nature—definitely it's causing some pressure on pricing, but nowhere near what some of the other pressures are.
On February 1st, 2017. See this statement in context.