With all of the residential activity, the demand for commercial construction is also increasing, but many construction workers left the business after
the last real estate bust and there are not enough people in the industry to take their place.
Not exact matches
Several of our experts — notably Norbert Schlenker and Warren MacKenzie — pointed out that
real estate moves in booms and
busts that can
last for several years.
«The
last time the
real estate market was at such a high point, developer Bruce Eichner was on his way to one of his biggest
busts, defaulting on the $ 3.9 billion Cosmopolitan Resort and Casino in Las Vegas in 2008, just as the economy was beginning to tank.»