Scene set for real estate boom, but nobody seems to want to party
By Jeffry Bartash | MarketWatch
It’s a great time to be a home builder again, but finding skilled workers is as tough as ever.
Steadily rising construction of new homes has given a jolt of adrenaline to the economy in the past several years, but a building slowdown raises questions about whether a key driver of U.S. growth has fallen into a ditch.
Sidetracked, perhaps. But certainly not down in the dumps.
The recent slide in construction is probably due to temporary headwinds that will soon ease. Home builders got a head start in 2017, for instance, because of an unusually warm winter that allowed them to do more work earlier in the year. Hence they don’t need to do as much in the spring.
