^I will also add that there are huge wage pressures right now. Generally speaking while it is busy out there construction companies aren't making the money you might think we were making. My company in the last few months in an effort to attract and keep workers is basically increasing prices significantly across the board which will of course get passed on directly to the consumer. The big issue is of course real estate prices aren't rising anymore and many developers I am speaking with are simply realizing after they run the numbers there is no money in their development and are shelving the job
Also several of the largest local construction companies are running out of work
It will be interesting how the second half of the year unfolds
Sounds like poor management and not thinking ahead when the going was good.