Home Builders Don't Have Enough Workers to Meet New Demand

CNBC ^

[HereInTheHeartland]

Excerpt:

"After losing 70 percent of their business in the housing crash, the nation's home builders are breaking ground again....."

[SampleMan]

Misleading headline. I suppose buggy builders have to deal with a shortage of available trained workers as well.

[DuncanWaring]

What happened to all the houses built five years ago during the bubble, when people were buying every house they could get their hands on, because house prices never decreased and they were guaranteed to make money flipping them a few days later?

[pieceofthepuzzle]

It's so amusing how the members of Goebbels’s team in the MSM are doing their assigned tasks and writing bs ‘feel good about the economy’ stories right on cue for the democratic convention in this pathetic attempt to put lipstick on a pig. Most people would have a hard time finding a relative who would lie and cover for them as much as the media does for the democrats.

[dfwgator]

Home Builders Don’t Have Enough Workers, Who will Work for Peanuts, to Meet New Demand.

There, fixed it.

[SueRae]

Fantasmagorical recovery!!! Brought to you solely by election season smike and mirrors!!!

[Abathar]

I find it fascinating because with the cost of building materials rising so fast vs. existing homes sitting stagnant and at really good prices the only few homes being built are large trophy types around here.

In fact I haven’t seen but a couple of homes around me being built in years now.

[builder]

I AM a builder in Northern California. If there was anything for me to build - trust me i could find people willing to work.

Just more media BS. The problem is not lack of workers. it is lack of WORK. At least in this miserable State.

[Abathar]

You mean when a they let a ditch digger buy a McMansion for almost nothing down with an interest only mortgage that they couldn't possibly afford when the balloon kicked in, refinanced with a second mortgage to about 150% of the ballooned value back then, used the money to pay off their student loans which aren't excused in bankruptcy, squatted for another couple of years then walked away free as a bird?

Those homes?

[presently no screen name]

trust me i could find people willing to work.

I DO trust you and I don't even know you - MORE than CNBS or any media that we all know!

[Cable225]

It's so amusing how the members of Goebbels’s team in the MSM are doing their assigned tasks and writing bs ‘feel good about the economy’ stories right on cue

I work for a home builder, and things are actually improving. It's not the stampeding rush this article might have you believe but across the industry sales and new home starts are improving with each quarter this year. And it is true that so many experienced builders have left the industry that it is difficult to find people to jump back into it.

And we're still a loooong way away from anything we'd call a full recovery - and a second Zero term would completely derail it.

[cripplecreek]

2 of my neighbors are renting out houses they intended to sell a few years ago.

[liberalh8ter]

Bovine excrement. Since our legislators are so keen on legislating, why don't they make it a criminal offense to author garbage, such as this.

[Iron Munro]

Psst! Hey buddy, over here.....

[HereInTheHeartland]

I work in the mortgage industry in the middle of Iowa.

I was at on the larger lumber/building materials suppliers last week getting some items.
I always ask people in the industry how things are going and what they are seeing.
It sounds like our market has increased about 10% each year off the lows for about the last 2 years.
People are buying homes; prices are increasing slowly and inventories are down.
Not a boom, but things definitely better in my area.

We also didn't have the big run up in prices; and our employment base has been much more stable than other areas of the country.

[trailhkr1]

I AM a builder in Northern California. If there was anything for me to build - trust me i could find people willing to work

I live in the midwest and it's booming (read gas lease money) I have several contractor friends and they are not even going out to bid anymore.

New houses, barns remodels are everywhere...and people were getting $3-5K per acre for gas leases and they have money to burn. A family friend has 600 acres and signed a lease for $4950 per acre +20% royalty.

[Gaffer]

There are a number of self-described home builders out there who are what I’d call “Jack Leg” opportunists who long for the days of quick builds with cheap illegal labor, economy materials, high sale prices, and quick closings.

The truth is these ‘builders’ are the ones who got weeded out because they were operating on greed, largely with little financial wherewithall and little “stand behind your product” mentality.

I’m glad they got weeded out; they don’t deserve to get back into the market. If you can’t build a quality house with legal labor, then go apply for welfare....wait, you’re probably on it now already.....

[Iron Munro]

Home Builders Don't Have Enough Workers to Meet New Demand

Just laying the ground for more pro-illegal-alien presidential executive orders.

Move along please.

[Minnesota fox]

A friendly suggestion: North Dakota.

[Kenton]

Home Builders Don't Have Enough Workers to Meet New Demand

Since demand is the single greatest factor in legitimate job creation, this is encouraging.