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Looming Construction Labor Shortages
Morgan Brennan of the Forbes staff penned a great piece recently that “states the obvious” to folks in the construction industry - There will be Labor shortages! She quotes some very credible sources to indicate the current state of the industry and the rising need for skilled labor in both the residential and non-residential sectors as the economy begins to recover.
Here in Houston for example, the economy is recovering at a rapid pace. Within a mile of my office, there are currently over 1,000 multifamily units under construction. Last weekend, I toured a single family home that had been listed only 3 days earlier. I was told by the listing agent that they had had 105 visits and 4 contracts already [node:read-more:link]