We expect the gears of the housing recovery to be sticky in the next year to 18 months. However, 2013 should be the year that housing's positive feedback loop begins to directly benefit the product companies:
• Home price appreciation will drive confidence, consumption, and economic growth.
• In turn, rising collateral values will loosen lending.
• As many of these manufacturers are very influenced by R&R revenue in addition to new construction, the increase of credit availability will finally generate real revenue increases. https://www.realestateconsulting.com/blog/lisa-marquis-jackson/bumps-road-recovery-part-2-materials
The following is working to keep house values higher than they would be if there were plenty of ready laborers to help construct more homes.
While the housing market is showing signs of improvement and construction is starting to pick up, one real estate consulting firm has noticed a somewhat substantial divide between housing starts and housing completions and points to labor as the major contributing factor. https://www.themreport.com/articles/low-labor-availability-impacting-housing-construction-2013-02-14