“Everybody is trying to pull crews from everyone,” says Hughes, a project manager for J.L. Baugh Construction in Gold Canyon, Ariz., who admits to attempted talent raids on rivals. “I’ve been doing this for a quarter of a century, and this is the biggest shortage of skilled laborers I’ve ever seen.”
Yet for some reason, people are worried about this housing market. A worker shortage certainly brings up images of the Alberta oil sands which have completely transformed the province into an economic powerhouse, and making worker shortages a regular occurence.
So what happened to cause this shortage? In short, the article describes a number of factors – 1. Workers moved away when the market crashed and there was no need to build so many homes, 2. Laws have come down hard on immigrant workers, 3. The industry moved so low that to hire back all these people to meet demand takes time.
Another fact you should note – Arizona home prices are up 32% from 1 year ago.
This is enough to start researching Arizona if you haven’t done so already.