Community Real Estate

This Skills Gap Is Hurting America’s Housing Market

Source: Yahoo! Finance

While rising home prices signal that the housing market has continued to recover from the 2008 financial crisis, these high prices are also being driven up by a growing shortage of home builders and home improvement professionals. There is a skills gap that is hobbling construction — and it’s delaying building projects, shrinking building inventories, and inflating the cost of homes and home-related projects. The shortage worsened in the years following the 2008 financial crisis, when the dark days of the housing crisis led the construction industry to lose more than 60 percent of its workforce to healthier industries.

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