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Home builder says worker shortage leading to price inflation — Staffing quote of the week

May 22, 2018

Hillwood Communities, one of the largest private developers in the US, had about half of its H-2B visa requests granted in each of the last four years, until last year, when it got zero approved. “Every aspect of our labor force is so strained,” Hillwood CEO Fred Balda told MarketWatch in a story on the shortage of workers in the industry. “You add it all up and it’s like, unemployment is so tight. I’d rather have these times than a recession for sure, but it’s creating some significant inflation.”