After the economic crisis of 2008-09, the huge number of people employed in the construction business contracted severely. Many suffered long-term unemployment and consciously chose to look for work in less cyclical businesses. When the economy recovered, those workers were no longer available
When I moved to Florida in 2005, the real estate market was hot, sizzling hot. We sold our Harrisburg PA home for a tidy profit, but the purchase of the new house in Jacksonville caused us to pay up. It was at the height of the real estate boom. Ouch!