US Edition17-20% fewer construction workers: Great Recession's lasting scar on housing supply
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17-20% fewer construction workers: Great Recession's lasting scar on housing supply
Photo by Tolu Olubode on UnsplashThe 2008 housing crash decimated construction employment in hard-hit areas, creating labor shortages that continue to hamper housing production today, according to new research published in Real Estate Economics. The study, "The scarring of the Great Recession on construction labor and housing supply," examines this issue.The study, by economist Thao Le, finds that regions experiencing severe housing busts during…
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