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So, we're just going to ignore the very real lumber shortage that's affecting homebuilding? We're also going to ignore the fact that our immigration laws have r
by taylodl 2y ago
So, we're just going to ignore the very real lumber shortage that's affecting homebuilding? We're also going to ignore the fact that our immigration laws have reduced the labor available to build houses? After all, it's pretty hard to build houses without material and labor.
- antisthenes 2y agoWhat in the world are you talking about? Lumber prices are back to pre-pandemic levels (wholesale). There's never been a higher amount of immigrant labor available in the US (for construction as well).
- taylodl 2y agoLumber prices are cheaper than they were during their pandemic highs, sure, but they're still roughly double the price of what they were on average pre-pandemic. While immigration has increased, it hasn't increased at a rate to replace Americans leaving the labor market. Overall, the amount of labor in the United States has decreased. That dramatically impacts labor-intensive industries, such as construction. So, we're still faced with a high cost of materials and a shortage of labor.