Highlights:
- WSJ story focuses on Denver home building.
- Labor, lot shortages driving up prices.
- A skilled construction worker can make good money.
This 2,956-square-foot, 4-bedroom, three-bathroom home in Castle Rock is priced at $370,458.
In case you missed it, last Friday the Wall Street Journal ran a story headlined “Labor Pains Beset Builders.”
The article was written by Kris Hudson, who before joining the WSJ was a business reporter at the Denver Post and the Rocky Mountain News.
The article addressed how the labor shortage is driving up home prices and leading to expensive delays.
It also discusses how a skilled laborer can make good money at a construction site.
In Denver, a framer can pull down $35 to $40 per hour, a backhoe operator can make $60,000 to $70,000 a year and an experienced tile setter can make $100,000 per year.
Jeff Whiton, CEO and executive director of the Home Builders Association of Metro Denver, has addressed the labor shortage numerous times at InsideRealEstateNews.
Whiton says more needs to be done to convince young people to make construction a career.
“Being a craftsman is a noble trade,” Whiton told InsideRealEstateNews in January.
To read the Wall Street Journal article, visit Labor Pains Beset Builders.
Interested in buying a new home along the Front Range? Please visit COhomefinder.com.
Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.
Related Posts:
The post WSJ on Denver’s housing labor shortage appeared first on Inside Real Estate News.
