Labor shortage keeping DFW new home starts downLabor shortage keeping DFW new home starts downhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=148292016-10-11T05:00:00Z2016-10-11T16:00:00Z​​DALLAS – Third-quarter home starts in North Texas were down 3 percent from a year ago. One local market expert attributed the drop partly to labor constraints.

"The labor shortage is keeping a lid on the construction capacity," said Ted Wilson with Residential Strategies Inc. "It looks to me like we will have a hard time starting more than 8,000 units a quarter because of the lack of labor."

Median price of area homes has risen to $336,381—more than $100,000 above the cost of preowned homes.

"The consumer is really starting to bump their heads on a price ceiling in the market," Wilson said. "The builders are trying to find locations and products to get their prices down.​"
Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/business/2016/10/10/labor-constraints-keep-lid-d-fw-home-startsRead more at {Source}

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