Problem
Instability of construction industry
Nature:
Activity in the construction industry, whether measured by new home starts, floor areas of office space built in a period, or employment of construction workers, exhibits both seasonal cycles and sporadic industry-wide recessions. The recessions are usually part of general economic down-turns. They may be due to excessively high mortgage interest rates or unavailability of lending money or both. Construction is affected by prices and by shortages of supplies, notably steel and wood. The instability of the industry exposes millions of construction workers to part-time employment and frequent lay-offs.
Broader Problems:
Economic and industrial production instability Strategies:
Developing construction industries Subject(s):
Industry → ConstructionIndustry → Industry
Societal Problems → Instability
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST