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
- Buyers gain upper hand in Valley housing market
Arizona housing inventory is growing, but it's not yet a true buyer's market, says W. P.
- Wisdom from the supply chain OG
A W. P.
- MACC graduate Kailey Shupe finds immense value in program’s data analytics focus
The Master of Accountancy and Data Analytics (MACC) at W. P.