Entertainment Dumb Teabaggers wrong again: Homebuilders take a 'beating' from lack of labor

Discussion in 'The Howard Stern Show' started by Ving, Jul 17, 2015.

  1. Ving

    Ving Well-Known Member

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    Yeah those illegals are taking all our jobs. Oh and Obamacare was suppose to destroy every job here, lol. Stupid brain dead teabaggers will never learn.


    Fri, Jul 17, 2015, 1:46 PM EDT - U.S. Markets close in 2 hrs 14 mins


    Homebuilders take a 'beating' from lack of labor

    Single-family home construction fell to a three-month low in June, which is usually the busiest time for homebuilding. Even building permits are not showing signs of robust growth. Builders claim there is good demand, but they complain they're handcuffed by a lack of skilled labor to build new homes.


    The builders' industry trade group calls the incidence of labor shortages nationwide "surprisingly high," given the fact that homebuilding has barely recovered from its 2008 crash.

    "In fact, the 9-trade shortage is now substantially higher than it was at the peak of the 2004-2005 boom, when annual starts were averaging around 2 million, compared to current rates of about one million," economist Paul Emrath of the National Association of Home Builders wrote in a recent report. Nine-trade refers to the various skills required for homebuilding, such as concrete pouring and carpentry.

    "The last time builder-reported labor shortages were as widespread as now was just before 2001 during a prolonged period of strong GDP growth with overall unemployment as low as 4 percent," he added.

    Unemployment in the construction industry fell in June to the lowest level since 2001, according to an analysis by the Associated General Contractors of America. That's because contractors are having a hard time finding enough qualified workers to meet growing demand, association officials said.

    Read More Builder sentiment hits decade high, at 60

    "Expanding job opportunities throughout the economy make it increasingly difficult for contractors to find experienced construction workers," said Ken Simonson, the association's chief economist. "This scarcity shows up in record workweeks for craft workers and flattening of employment totals despite higher construction spending."



    In Columbia, South Carolina, McGuinn Homes is double-teaming its crews. Trying to frame 15 to 20 houses this week, CEO Wade McGuinn divided his crews, sending them to different lots, but they still only got to half the homes.

    "We're being creative in the way that we're dealing with our trade partners," said McGuinn, a 30-year veteran of the homebuilding business.

    McGuinn cites two contributing factors to the shortage. First, it was slow for so long that a lot of the trades people went into different fields. Second, new federal mandates on immigration laws:



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    Getty Images. Homebuilders claim there is good demand, but they also complain being handcuffed by a …
    "We've lost about two-thirds of our Hispanic and South American population in South Carolina, and that has had a profound effect on labor," said McGuinn.

    Local high schools have training programs, but they have been slow to churn out new workers.

    Bigger public builders tend to have it easier, as they have long-standing employees in larger developments. The shortage is hitting local builders harder.

    Local builders, however, still make up the majority of single-family construction in the U.S., and lackluster production is hurting the overall health of the housing market.

    Read More How Dodd-Frank changed housing, for good and bad

    That has wider ramifications for the overall health of the economy. This was noted in the latest survey of economic conditions by the Federal Reserve, known as the Beige Book:

    "Firms from several districts continued to describe shortages for particular types of skilled labor, predominantly in the construction industry."

    Read More Beige Book: Economy expanding at moderate to modest pace

    The South is particularly hard hit, as it sees the most single-family home building in the nation by far.

    The labor shortage in Texas has been "a complete beating," said Bruno Pasquinelli, president of CB Jeni Homes in Dallas. "There's not enough guys to pour concrete, it's going to be a challenging six months."

    Other builders say they are not seeing labor shortages, only because demand for new homes in their locations is still weak. That appears to be the case in the Maryland suburbs of Washington.

    "It's just below the surface here in D.C.," said Stephen Paul, executive vice president of homebuilding operations at Mid-Atlantic Builders. "The market is just soft enough where we don't have any problems at the present; however if we get any uptick in volume, it will smack us all hard. It's like once I figure out how to sell homes, I'll then focus on how to build them."

    -CNBC producer Stephanie Dhue contributed to this report.
     
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  2. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    Can we ban this libatard douche to the Political forum?
     
  3. Ving

    Ving Well-Known Member

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    Stop being a dumb racist teabagger and learn something.
     
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  4. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    I've learned your a goosestepping libatard asswipe...........
     
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  5. Tiggs

    Tiggs Well-Known Member

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    Ving brings the Section 8 mentality of the forum. Diversity is our strength. Not everyone can be doctors. Society needs idiots too.
     
  6. AllAboutHim Ed

    AllAboutHim Ed #mypurpose VIP

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    Wouldn't a labor shortage lead to higher wages? Wouldn't that lead more people to trade schools and out of shitty part time jobs?

    The left is always bitching about higher wages yet to the best to suppress them with cheap illegal workers.
     
  7. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

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    They don't have to build as many homes since they have illegals living 10 to a house to save on rent and mortgage. :c
     
  8. Ving

    Ving Well-Known Member

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    Dumb old hillbilly racist homophobic cousin fucker types are dying off fast. It's hilarious watching them bitch about this fantastic economy.
     
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  9. Snotty

    Snotty My Snothand be strong!!! VIP Gold

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    Pig/Mud........
     
  10. Ving

    Ving Well-Known Member

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  11. Anyonenow

    Anyonenow Well-Known Member

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    Great news for the economy!
    :salute::usflag::flag::troops::usa::usasmile:
     
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  12. Anyonenow

    Anyonenow Well-Known Member

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    [​IMG]
     
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  13. Ving

    Ving Well-Known Member

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    [​IMG]
     
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