The biggest thing keeping a lid on housing starts is the lack of skilled labor.
This is why more and more new houses are being built in factories. Modular homes are the future. Not stick built on site. This is also true for many commercial buildings. For example, there is a company that builds most of the Marriot Courtyard building in the western US. They build the modules in a factory in Boise. Then the components are shipped to the jobsite and assembled there. The crew stays in a local hotel during the assembly stage.
Around here (North Carolina) most of the building crews (except for some skilled trades) are wetbacks.
The biggest thing keeping a lid on housing starts is the lack of skilled labor.
This is why more and more new houses are being built in factories. Modular homes are the future. Not stick built on site. This is also true for many commercial buildings. For example, there is a company that builds most of the Marriot Courtyard building in the western US. They build the modules in a factory in Boise. Then the components are shipped to the jobsite and assembled there. The crew stays in a local hotel during the assembly stage.
You are correct on both points.
We are seeing the modular approach with all types of housing, hotels, office buildings and whatever.