While some contractors dismiss the plan as political rhetoric, many say they can’t afford to lose more people from an aging, immigrant-dependent workforce still short of nearly 400,000 people.
Both presidential candidates promise to build more homes. One promises to deport hundreds of thousands of people who build them.
Former President Donald Trump’s pledge to “launch the largest deportation operation in the history of our country” would hamstring construction firms already facing labor shortages and push record home prices higher, say industry leaders, contractors and economists.
“It would be detrimental to the construction industry and our labor supply and exacerbate our housing affordability problems,” said Jim Tobin, CEO of the National Association of Home Builders. The trade group considers foreign-born workers, regardless of legal status, “a vital and flexible source of labor” to builders, estimating they fill 30% of trade jobs like carpentry, plastering, masonry and electrical roles.
Home builders are greasy as shit but I didn’t expect them to say the quiet part out loud.
I used to write project maintenance software for a home builder. Right before I left that gig, the company’s owner got busted banging his son’s wife. Just a little anecdote about a bit of loathsomeness I’ve never encountered anywhere else.
The profit margins on this business were just insane. Like, houses cost between $30 and $40 grand to build (with corners cut in all sorts of ridiculous ways) and sold for $125 to $150 grand.
Man… id love to buy an overpriced house for $100k. Now their like $400k+
Yeah, this was 20 years ago.