US homebuilders are navigating both higher mortgage rates as well as constrained capital for building projects. But there is another big labor factor the industry is trying to figure out., data from 2022 suggests that"a third of all carpenters and 41% of construction laborers are of foreign-born origin" in the United States.
That's why we invest so much time and effort into training the next generation of skilled contractors out there.Jim, you talk to lawmakers about immigration policy. And it won't be until who ever find out who the next president is, where we can really tackle the issue.But we have got to solve the immigration problem from the border security all the way to what do we do with the undocumented?But what would an ideal situation look like for you guys?We want people who want to come into this country legally to come through in an orderly fashion.
And then we've got to figure out how we can have them as employers, how we can be responsible as well to make sure that people that are working on our job sites are work eligible that is critical to the functioning.