Mass deportation of undocumented immigrants would have a negative effect on new homebuilding, leading to higher home prices, research finds.
A new study concludes mass deportation of undocumented immigrants would drain the construction workforce, significantly slowing an already sluggish rate of new residential construction.
More like no one will buy new construction homes because they’re too expensive to produce.
New home builders are already struggling given upward price pressure on materials and high mortgage rates. Adding in a labor shortage will push the cost of construction up even more. Margins on these homes are low by historical standards and shrinking them further is not viable.
So we will end up with fewer new homes, the ones we do have are more expensive, and the businesses building them are making less money.
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Oh, so you’re saying real estate investors are going to get a big pay off. That’s fun. Its been too long since they got a break. /s
More like no one will buy new construction homes because they’re too expensive to produce.
New home builders are already struggling given upward price pressure on materials and high mortgage rates. Adding in a labor shortage will push the cost of construction up even more. Margins on these homes are low by historical standards and shrinking them further is not viable.
So we will end up with fewer new homes, the ones we do have are more expensive, and the businesses building them are making less money.