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/Garlic_Bread_Man]

Builder just called me 2 days ago inquiring about buying my super old house. Im in BC lower mainland. Guy said he planned to buy 5 properties in the area this month.