April 18, 2008

We’ve Heard Local Contractors Are Getting More Responsive Too

"Nibbi Brothers' Larry Nibbi said he has seen a flood of résumés from construction workers who were previously employed by home-builders like KB Homes and Centex. The sudden jump in the availability of workers -- and subcontractors looking for jobs -- has knocked down construction costs about 5 percent to 7 percent in some areas, Nibbi said."

"An abundance of available workers has knocked down prices for mechanical, electrical, heating, plumbing and dry wall work. Painting has remained about the same and roofing and asphalt have gone up because of the increased cost of oil."

Nibbi says housing bubble loosens labor pool [San Francisco Business Times]

First Published: April 18, 2008 7:37 AM

Comments from "Plugged In" Readers

Great time to take out that HELOC and...oh, wait...

Posted by: Foolio at April 18, 2008 11:47 AM

That is not the right link. Actually Foolio, I might just do that very thing...

Posted by: SanFranciscoJim at April 18, 2008 11:50 AM


Good luck.

Posted by: Foolio at April 18, 2008 12:07 PM

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