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Originally Posted by White Doors
Homebuilders have 'stop sells' now as they can't even keep up as there is such a blue collar labour shortage in this town.
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That's another reason you see the price being driven up. No workers means you have to almost over-compensate the ones you do have just so the competition doesn't snatch them away. You also have to pay your labour more if you want quality work. I can 110% guarantee you right now that builders have lists of their tradespeople and the ones at the top of the list are making more, sometimes significantly more.
For anyone who cares to delve into the whole housing shortage thing, there's a nasty cycle going on and it's going to be hard to fix. High living costs and housing shortages keep some people from moving here, so you are short workers. Then you push the rate up on what you pay them so you don't lose them. Then you have to charge more for your product and people start complaining the prices are too high and then you see them leaving because of the housing shortage and high living costs. And on it goes.