January 17, 2025 - 23:59
In a recent discussion, a prominent real estate expert highlighted the potential consequences of proposed mass deportation policies on the housing industry. Matt Garland, known as the Mortgage Guy, emphasized that such measures could significantly disrupt construction and homebuilding efforts across the country.
Garland pointed out that many workers in the construction sector are immigrants, and a sudden removal of this labor force could lead to labor shortages. This would not only slow down the pace of new housing developments but could also drive up construction costs due to increased demand for a dwindling workforce.
The expert warned that if builders struggle to find workers, it could result in fewer homes being built, exacerbating the existing housing crisis. With demand for housing already outpacing supply in many regions, the impact of these policies could lead to higher prices and further strain the market. The potential fallout from such deportation plans could be profound, affecting not just the construction industry but the broader economy as well.
