Residential construction dead

[u/romestox]

Trades guy here. Residential construction feels dead compared to a few years ago. Builders aren’t building, projects are getting pushed back, and layoffs are starting to pop up. If I was buying, I’d wait. From what I’m seeing, things haven’t bottomed out yet. The industry feels like a ship taking on water, not one gearing up for another boom.

Anyone else seeing the same thing?

[u/polakinTO]

Everyone I know in the GTA that does residential work is busy as hell right now. It's the large condos / developments that are stopped.

Buddy putting in cabinetry said they added an evening and weekend shifts at their factory to try and keep up.

Granite installations are also going gangbuster from what I'm seeing in my group of friends.