Fox News reports that President Donald Trump’s immigration policies are creating higher housing costs and adding to the paychecks of Texas construction workers.
Casey Stegall writes, “Just how bad is it? According to the National Association of Home Builders, more than 56 percent of developers nationwide are reporting labor shortages… Ted Wilson with Residential Strategies, Inc. has run the numbers. ‘We’ve seen direct construction costs climb by over 30 percent,’ Wilson said, ‘and a lot of that is directly attributed to what builders are having to pay their subs and trades in wages.’ Meaning, with so few workers out there, construction companies have had to pay more to attract them, which adds to the cost of a home.”
Labor shortages are increasing both the price of homes and the time required for them to be built.
To answer the need for construction workers and help keep home prices affordable, the Wall Street Journal reported recently that Trump’s Department of Homeland Security raised the annual cap on H-2B visas by more than 20 percent to 81,000 this July. H2-B visas are used to permit temporary entry into the country of non-agricultural skilled and unskilled laborers. As the Journal reported, “The majority of workers receiving this type of visa also are from Mexico,” a reference to a parallel 20-percent rise in H1-A agricultural worker visas to 160,000.”