From The Atlantic:
Many of the administration’s most famous policies are impediments to affordable construction.
JAN 10, 2019, Derek Thompson
Donald Trump is right that the United States desperately needs more walls. He’s just wrong about their ideal dimension, purpose, and location. The U.S. need not spend tens of billions of dollars on a single barrier extending along the southern border between the United States and Mexico. Rather, what the suddenly wobbly U.S. economy could really use is millions of walls at 90-degree angles. I mean lots and lots of housing. …
But one nationwide impediment to more housing is a shortage of construction labor; young Americans don’t seem remotely interested in becoming cement masons or carpenters. That means the housing industry would vastly benefit from an influx of immigrants—precisely the thing Trump wants to stop at all costs with a giant border wall.
“It’s blatantly obvious that we have to find a labor supply to meet demand, or everybody is gonna pay a price,” said Phil Crone, the executive officer of the Dallas Builders Association.
And if you can’t trust a Builders Association to be disinterested, who can you trust?
Commenter Lot says:
Construction labor costs for new single family housing in California cities is maybe 5% of the total cost. Land is 50-80%, then there is regulatory/permit costs, finance costs, and materials.
To put it another way, if labor costs fell in half due to a new illegal migrant wave, prices would fall maybe 2.5%.
Is it really that low? Are a lot of construction costs these days at the factory end rather than on-site?