Skills shortage could derail government’s 1.5m new homes target
Original Article Summary
Stricter immigration laws risk deepening construction sector’s recruitment crisis, research shows
PropMatch Curated Analysis
Construction skills shortages threaten the government's 1.5m homes target, with 76% of firms struggling to recruit and 239,300 workers needed by 2029. This supply constraint will significantly impact development opportunities and housing delivery timelines.
Investor Relevance
Critical for understanding future housing supply constraints that will affect property values, development costs, and project timelines. Skills shortages could create competitive advantages for investors who secure reliable contractors and may drive up construction costs while limiting new supply.
Original Source:
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