Lennar cites labor shortage

When the housing market collapsed in Florida during the real estate bust, many skilled tradesmen left the state. Many of them went to oil boom areas such as Texas, the Dakotas and even Canada.

Now that the housing market is recovering in Florida, homebuilders report it's tougher to find skilled subcontractors.

Stuart Miller, the CEO of Lennar, the Miami-based homebuilder and one of the largest in the industry, told investors recently that could have an impact on the company's operations.