"Education is power, and getting to know more about new construction or just the construction industry in general has really helped my brokerage educate our homebuyers, since we now understand the whole process a lot better."
"The biggest constraint for lenders looking to increase volume with these products is having a reliable conduit to contractors. You don't want to steer anybody to a specific contractor, but you want to be able to say, Here's a few contractors that are working with us and are part of our membership."
"Oftentimes, people run out and say, That's a three [bedroom]-one [bathroom]. If it was a three-two, I would buy it in the blink of an eye. Think about how much easier it would be to just convert that property to a three-two if you had a contractor that you trusted."
"According to NHCA's 2026 State of Hispanics in Construction Report, Hispanic workers now represent 31% of the construction workforce, up from 28% in 2018. Between 2018 and 2024, Hispanic workers accounted for 67% of net new workers added to the industry."
Juan Sanchez emphasizes the importance of understanding construction for real estate professionals to better serve clients. The NHCA promotes partnerships with lenders for renovation loans, addressing the need for reliable contractor referrals. This collaboration aims to increase home inventory by facilitating renovations. Hispanic workers are crucial to the construction industry, representing 31% of the workforce and accounting for significant growth in new workers. The report highlights the concentration of Hispanic workers in production roles, underscoring their importance in homebuilding.
Read at www.housingwire.com
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