Wage Growth in the Home Building/Remodeling Industry | Eye On Housing
We have all heard about the struggles of homebuilders delivering new homes on schedule and the labor shortages that fuel the problem.The one undisputed long-term predictor of increasing housing costs and home values is inflation.
We have all heard about the struggles of homebuilders in delivering new homes and the labor shortages that fuel the problem. Here we see statistics that the wages of construction workers are increasing at twice the national rate. Big winners are landlords large and small and tax districts. Landlords and home owners have the leverage and the best hedge against inflation. Over the 2012-2014 period, rising job openings and employment in the residential construction industry have led to wage increases, with some occupations within