The demand is there and home builders are hungry to meet it but finding qualified workers has been a struggle for some area construction companies in North Texas.
According to a recent report from The Dallas Morning News, the industry is still recovering from the housing recession of several years ago when home builders lost workers in droves to other more profitable industries. And now that the housing market is on an upward trajectory, the demand for their services is there but they are slow to come back.
“We have a labor shortage and it’s a real problem here,” Phil Crone, who heads the Dallas Builders Association, told the news source. “A lot of them went to the oil patch.”
Crone added that many of the industry workers who are left are about to retire so they need a surge in younger employees in order to give the new home construction industry in Texas a real shot in the arm.
This should not come as a surprise as back in 2007 when the housing market was near its lowest lows, demand for new home starts dropped by more than 70 percent. This scared off much of the labor force to the oil and gas industry and left a void that has yet to be filled.
But with Texas leading the nation in middle class job opportunities, and the North Texas housing market seeing much growth so far in 2013, it should only be a matter of time before new home construction picks up and the labor force fills out due to rising demand.
In North Texas, the housing market is on an upward swing. If you’d like to learn more about North Texas homes for sale, contact us today.