3 ms·
Construction fell off long ago (heard numbers like 40%,80% reductions). Which makes sense given construction is kind of the “marginal” effort of real estate - w
by ianai 3y ago
Construction fell off long ago (heard numbers like 40%,80% reductions). Which makes sense given construction is kind of the “marginal” effort of real estate - where interest rates would factor in most obviously.
Regardless, it’s a decentralized system and inherently complicated. I’m even feeling a little impressed with its resilience shown here.
- seanmcdirmid 3y agoHave construction jobs really declined yet? I’m still getting outrageous quotes for jobs with long delays in starts, since material isn’t in shortage, I thought it was related to a labor shortage.
- nostrademons 3y agoI think construction starts have fallen off. There's a long construction period and different construction trades are phased at different points, and have different backlogs. My experience is that the parts of construction which typically happen at the beginning of a job (things like financing, land acquisition, architecture, demolition / asbestos removal) are hunting for work, while trades which typically happen at the end (plumbing/electrical/HVAC) are still booked full-up and nearly impossible to get at reasonable prices. This is all consistent with the construction pipeline having dried up, but most of the individual trades having a solid backlog as existing projects complete.