MESA, AZ (AZFamily) — Inflation and worker shortages are affecting the construction industry, making it harder for new home developments and creating a tougher market for Valley home buyers.
New home construction has struggled this summer. Federal government statistics show it is similar to 2020 pandemic-level lows. Commercial construction is performing differently, but both sectors face a common problem: worker shortages.
The commercial construction industry is strong in Arizona. A large crowd at the Arizona Construction Expo at the Mesa Convention Center on Thursday reflected that strength. There is high demand for projects like data centers, semiconductor factories and entertainment spaces…