The Expert Podcast

• Home builders are now considered key players in saving the economy, especially in the housing market.
• Before diving into the topic, check out our other YouTube channels: actualhuman.com and describe.tv.
  • These channels cover a wide range of subjects such as home building, construction, economy, AI, EV cars, and more.
  • We also host live events where we discuss industry topics like lumber prices and the construction market.

• Market Watch Insights: Home builders are expected to help revitalize the sluggish housing market.
• The housing market is experiencing high home prices, which some believe could be a bubble, while others anticipate a market crash.
• Used resale homes are not selling well due to limited availability, as homeowners are holding onto their low 3% mortgages.
• Opportunity for Builders: New home construction is stepping in to meet demand, with a growing number of people finding that building new is cheaper than buying existing homes.
• Labor Shortage in the Construction Industry:
  • The industry is facing a significant shortage of skilled workers, with approximately 650,000 workers missing.
  • Tradespeople like framers, roofers, electricians, plumbers, and HVAC workers are in high demand.
  • Some companies are offering $50–$60 an hour for skilled workers in basic trades.

• Builders are struggling with delays in construction due to the lack of workers.
• Despite high demand, the construction industry is grappling with worker shortages, which is affecting the timely completion of projects.

• We want to hear your experiences from the field. What is the labor situation like in your area?
• Share your thoughts on the current state of the construction market and how it’s impacting the housing industry.

• The housing market is in turmoil, with soaring interest rates and not enough homes to meet demand.
• This has created a huge opportunity for builders, but the shortage of workers poses a challenge.
• Builders, contractors, and tradespeople are in high demand, with new home construction becoming a better option than purchasing resale homes in some areas.