https://eyeonhousing.org/2023/10/residential-building-wage-growth-slowing-3/ National Association of Home Builders Discusses Economics and Housing Policy Wed, 08 May 2024 13:33:50 +0000 hourly 1 https://eyeonhousing.org/2023/10/residential-building-wage-growth-slowing-3/#comment-2221398 Mon, 13 Nov 2023 17:38:06 +0000 https://eyeonhousing.org/?p=34105#comment-2221398 Slower wage growth might impact construction workers’ affordability, potentially affecting the overall cost of construction projects. This factor could influence lenders when assessing borrowers’ financial capabilities, potentially impacting the terms and approval rates for construction loans. Builders and developers might face challenges in budgeting, emphasizing the need for careful financial planning while seeking construction financing.

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