Labor, material shortage leading to construction delays
According to new data analysis, construction firms are reporting difficulty finding workers while the costs of materials steadily increase. The combination of factors is causing significant delays in the residential construction market.
According to new data analysis, construction firms are reporting difficulty finding workers while the costs of materials steadily increase. The combination of factors is causing significant delays in the residential construction market.
In this story published June 4, 2021, on KJZZ:
Some builders are writing contracts with home buyers that give them as much as two years to build their home. They are going to consume tremendous amounts of labor and materials, and that will exacerbate matters for all other smaller projects.
– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program
Latest news
- The hobby effect: Why showing your personal side can pay off professionally
A new study finds that sharing hobbies tied to growth and fulfillment can make people appear…
- How custom AI bots are changing the classroom
Faculty share cutting-edge AI tools enhancing student learning at the business school.
- Entrepreneurship and innovation master's degree helped Prudence Zhu achieve her goal of building personable financial planning business
Prudence Zhu's (MS-EI '22) desire to build a more human-based, accessible financial services…