America’s Housing Construction Labor Shortage Continues

[Originally published by Forbes]

 

Several years after the Great Recession, it’s safe to say that America’s housing market is back. Since 2009, when the number of new authorized housing units dipped to 583,000, they have ticked up every year since, and are now around 1.2 million annually. The National Association of Home Builders/Wells Fargo Housing Market Index has also increased every year since then, almost returning to the levels found in the late-1990s boom years. And national median home prices, while bottoming out in 2012, have risen back up to their 2007 levels, creating a nearly perfect symmetrical, upside-down bell curve on Zillow’s 10-year graph.

But one element of the housing industry has not returned: the workers…[read the rest at Forbes]