Housing Dimensions Blog
by David Guarino
As a result of historically low borrowing costs and relaxed regulations on smaller companies going public (thanks to the JOBS Act), publicly traded home builders have been gaining market share. Halfway through 2014, public builders have 35.5% market share, up 6.1% from 2013. This gain was made through:
by Mollie Carmichael
by Rick Palacios Jr.
In late 2008, oil and gas pipeline construction workers earned $0.46 per hour more than new home framing contractors. Today, they earn $8.15 more per hour. It's no wonder labor is tight in the new home market, especially in Texas and Denver, the closest major markets to North Dakota. Since 2008, framing contractor wages have fallen 8%, while oil and gas pipeline construction wages have swelled by 20%.