As labor woes continue, what knowledge can be employed from the tech industry, and foreign companies moving into the building industry?
As of 2016, the NAHB reported that 82% of builders experienced Labor shortages versus just 13% in 2011. As we know, these shortages create costly interruptions in the homebuilding process. Longer building cycles mean fewer housing starts. Higher labor costs create more expensive homes. But could this challenge be remedied simply by re-educating our workforce and creating more efficient processes?