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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. Labor shortages are a key restraint in today’s market, but a scarcity of construction workers can be traced back to the Great Recession, when the industry lost over a million employees, Multi-Housing News reports.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. After months of headlines about rising lumber prices, recent news has focused on significant price declines. New-Home Prices Squeeze Out Lower-Income Households .

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7 key predictions for the 2024 multifamily rental housing market

BD+C

7 key predictions for the 2024 multifamily rental housing market 2024 will be the strongest year for new apartment construction in decades, says Apartment List's chief economist. One notable exception is San Francisco, where rents have yet to recover from sharp declines in 2020. At the other end of the spectrum, Providence, R.I.,

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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.

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