Construction Worker Shortage Blamed for Housing Supply Woes

Zoning and red tape gets a bad wrap in arguments that blame the housing crisis on a lack of housing supply. Another narrative credits a shortage of construction workers on the lack of housing supply in the country.
August 9, 2017, 8am PDT | James Brasuell | @CasualBrasuell
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Talbot Troy

"A shortage of construction labor that has squeezed property developers across the U.S. got worse in June after showing signs of improvement a month earlier," reports Laura Kusisto.

"The number of open construction jobs increased to a seasonally adjusted 225,000 in June from 163,000 in May, according to the Labor Department," adds Kusisto.

The article describes the worker shortage as a "critical issue" for the housing market—"delaying the construction of new homes and causing a supply shortage that is forcing prices higher." 

As for why there is such a shortage of willing labor to drive a housing construction boom, the article says workers that left he industry during the Great Recession are reluctant to return.

[The Wall Street Journal article might be behind a paywall for some readers.]

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Published on Tuesday, August 8, 2017 in The Wall Street Journal
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