Low Housing Demand Could Lead to Job Losses
Rod Glidewell owns a construction company and has 12 employees. He doesn't think a housing slump will affect Columbia.
"Things have been so robust here in Columbia and mid-Missouri that I don't think there's any feeling of apprehension right now," explained Glidewell. "In fact, I would say that the feeling is more the other direction that there's so much work available. I think employees, right now, have the attitude that there's plenty of jobs out there, and there's no concern on their part for employment."
With construction outpacing population, the U.S. could see a decline in the demand for housing. The national study blames the decline in new home sales, as well as a rapid rate of construction, which seems to have outrun the population increase.
Glidewell said the only decline he has seen is seasonal. Until the winter passes, workers can only hope for a rise in housing demand next spring.
One of Glidewell's workers, Jay Johnson, said, "I've always been able to build things. Even as a kid, I've played with Legos, and built things. It's amazing that you can come to something looking so rough and by the end of the day or the end of two days, you make somebody's dream come true."
A decline in the housing market contributed to eight of the last 10 recessions in the U.S.