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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1020 |
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In the home building industry, the downturn in the industry has caused some people to leave and search of other work (Construction Wages Drop But Devolopment Is Still In The Works, 2008). The home mortgage companies have put stricter guidelines for loans. With the stricter loans there are less people qualifying to buy new homes...
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With the stricter loans there are less people qualifying to buy new homes. In turn there is less need to build new houses. The supply of construction workers is high, so the demand is low. This means that the income level has gone down. Construction companies are able to pay lower wages because of the demand...
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