Rapidly escalating construction costs plus certain infeasible inclusionary policy promoted by a certain mayoral candidate mean proposals for new housing in SF have reached a 6-year-low:http://www.socketsite.com/archives/2018/05/proposed-development-in-san-francisco-tracking-a-six-year-low.html …
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Two factors, 4 starters: 1) Construction start-ups account for a lower % of total emp. (less competition) 2) lagging productivity - if work is slow or requires re-work, it costs more. I disagree w/
@issiromem that recruitment of more labor is necessarily unlikely. /1 -
what is required is a strategic shift. The industry is fragmented, & has barriers to coordination around longer-term labor investment payoffs. Solution: institutions that bind construction project owners to commitments to take "the high road" with labor, instead of the low road.
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