The Expert Podcast

• Home builders and contractors are seeing an increase in volume.
• Interest rates have slightly dropped, which is helping drive production, especially single-family homes.
• The availability of 30-year mortgages is contributing to growth in production.

• Some experts predict a "golden age" for home builders with a backlog of homes keeping them busy through 2024, 2025, and beyond.
• However, many industry analysts believe that despite the ramp-up in production, it may not be enough to ease the backlog of homes.

• Real estate has two primary components: the land (parcel) and the improvements (construction).
• Many older homes built in the 40s and 50s are now becoming outdated and may need complete remodels or new construction, especially in areas like South Florida.

• Demand for remodeling or new homes is high, particularly in areas with older properties now becoming primary residences.
• Builders, contractors, subcontractors, and employees will all be impacted by these trends.

• How much of this demand will filter down to contractors and subcontractors?
• Will there be enough qualified, skilled labor to meet the demand for home building and construction in the coming years?

• Share your thoughts on the future of home building and construction. Do you think there’s enough qualified labor to meet the demand?