Supply-demand imbalance has led to higher construction wages

KAET-TV Horizon

CBRE, a firm that produces research data for the real estate market, has released a new report examining the cause of rising construction costs across the U.S. Phoenix was one of 13 metro areas examined. The report reveals that while the construction workforce remains below pre-recession levels, a supply-demand imbalance has led to higher construction wages.

Susan LaGanke, senior managing director of project management for the Southwest Region, has more about the report.

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