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
- Inaugural Student Economics Association Alumni Banquet celebrates 48 years
The inaugural event, which the department hopes to continue going forward, was a chance to…
- Amazon drones could deliver packages in Arizona this year
An ASU supply chain management expert discusses how drones might impact job creation.
- Love it or hate it, advertising can boost life satisfaction
According to an ASU marketing expert’s new research, reducing marketplace uncertainty through…