Construction labor crunch drives up costs and deepens America’s housing affordability crisis
NegativeU.S News

- A significant labor shortage in the construction industry has led to 19,000 fewer homes being built in 2024, resulting in an economic impact of $10.8 billion and exacerbating the housing affordability crisis in America.
- This labor crunch is critical as it not only affects the construction sector but also has broader implications for housing availability and affordability, making it increasingly difficult for many Americans to secure affordable housing.
- The ongoing challenges in the construction industry are compounded by external factors such as immigration policy changes, which have tightened the labor market further, and agricultural issues like the decline of the cattle herd, indicating a broader economic strain across multiple sectors.
— via World Pulse Now AI Editorial System







