Share this on FacebookNovember 7th, 2019 | Published by NEW Construction Alliance
In last week’s The Build Out, we shared the news about a report authored by UW-Madison economics professor Mark Eppli about the construction and real estate industries impact on Wisconsin’s economy.
One of the key findings was that despite the fact that the construction industry’s second only to manufacturing impact on our state’s gross domestic product (GDP), we still lag behind the national average by 26 percent. Eppli attributed this to a few key factors, chief among them the workforce shortage.
In a recent interview with The Daily Reporter, he elaborated on this situation, “In short, the state is falling behind the U.S. in providing residents with modern and interesting places to live and engaging and productive places to work, making it difficult for the state to attract and retain the best and brightest minds in the U.S. Additionally, subdivision employment is down 61% from 2005 subdivision-employment highs, greatly limiting the number of finished lots in the state and adding to the shortage of workforce housing problem in the state.”
You can read the full interview with Eppli here. Special Thanks to The Daily Reporter who made brought this important article out from behind the pay wall so The Build Out’s audience could read it.