Housing dilemma: construction worker shortageHousing dilemma: construction worker shortagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=159512017-03-01T06:00:00Z2017-03-01T22:00:00Z

​​​​DALLAS-FORT WORTH – A shortage of carpenters, brick masons and other construction trade workers continues to slow North Texas homebuilders as they ramp up for the spring selling season in what has become a very tight regional housing market.​

The labor shortage, which started after the last housing crisis when many construction workers left the business for other industries, has lengthened the time it takes to build a new home from about four months to six or seven months, builders say. 

Combined with strong demand from buyers, it has left the area housing market with just a two-month supply of homes—a thin level that continues to push housing prices higher.

According to Residential Strategies in Dallas, builders last year broke ground on nearly 30,000 new homes in the region, up 5 percent from 2015. This year, area home starts are expected to reach 32,000.

“Were we not constrained by this lack of labor, we’d probably be starting about 35,000 houses,” said Ted Wilson said, principal with Residential Strategies.​​​​​

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/news/business/article135116529.htmlSource: {Source}

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