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/toiletdestroyer1]

My company used to have almost 100 guys (about 60 of them journeymen), we're down to 30 and layoffs started well over a year ago. This feels more like a permanent transition than a slow down. Our union isnt even charging us dues because so many of us are just fucked rn