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ICE arrests surge in homebuilding labor disruption
ICE arrests rose to 49,571 in July from 32,545 in May, and builders in some states reported 25% to 50% higher framing costs and delayed closings.
HousingWire reports that U.S. Immigration and Customs Enforcement arrests rose to 49,571 in July, up from 32,545 in May, with enforcement activity continuing into August.
The outlet says homebuilders in several states reported job site disruptions as work-in-progress was halted, while raids also created uncertainty around scheduling and longer-term planning.
HousingWire adds that some legally authorized workers stayed away from job sites out of fear of being stopped or detained, tightening an already strained construction labor pool.
The report notes that the localized impacts included 25% to 50% increases in framing costs in some markets, plus longer cycle times and delayed closings that can pressure builder margins, according to HousingWire.