Tag: demand

Home Builders Seek Workers as Demand for Homes Increase

 Written by: Samantha Guarderas

  According to CNBC, homebuilders are currently experiencing a rise in demand for homes. This progress has been consistent over the past year and provides hope to homebuilders who suffered after losing 70% of their business in the housing crash. Now, with this boost in new orders for homes the main problem in executing homes in a timely manner is a lack of workers. After the housing crash, many workers left the home building industry in search of jobs with higher demand.

Due to the shortage of these workers, more specifically, framers, concrete workers, plumbers, roofers and painters, the cost of labor is greater. Homes that previously could be finished in 6 months now take 9 months. To replace these workers isn’t nearly as easy as it seems. These jobs require highly skilled workers and on the job training is undesirable. Time is money and in today’s market it can’t be wasted. They need workers that are already trained and prepared to begin the job.

       In the month of September alone, Eklipse Real Estate has had over $4 million dollars worth of real estate in escrow! Also, we currently have a home in development located at 7561 Clinton Street, right off of the world famous Melrose Avenue. The property is a 2 bedroom, 2 bathroom, single-family

home, estimated to be completed within the month. Make sure to continue to browse our website for our upcoming listings and don’t forget to follow us on twitter @EklipseRE to be kept up to date on our properties, as well as the latest real estate news!

The Global Economy

Written by: Phillip Braunstein

Economic Markets around the world have always been interacting and trading with each other for eons, but Adam Smith’s The Wealth of Nations really propounded the consequence of these market economies in a world becoming industrial, and that means technologically equipped. Smith identified that there are two opposed forces that drive any economy toward growth and prosperity. These two forces both restrict and stimulate the other and continually move in

opposite directions: they are Parsimony and Industry. Parsimony, as Smith explains it, is the drive toward savings, affordable labor, and cost reduction. Industry is the drive toward production, growth, expansion, which requires capital and labor and needs capital in order to grow and generate its products. Too much industry without parsimony results in a high production level but with a high debt that will knock the economy off balance. Too much parsimony without industry results in a stagnant economy that does not allocate enough of its capital toward growing its industry.

Productive industry is grounded on another principle, and that is the division of labor. Industry could not produce enough supply to reach the demand that exists if it were not for the production line and division of labor. These basic principles are still pertinent today, and show that the organization and forces that drive business must be recognized in order to achieve a healthy economy.

In fact, the very word economy derives from the ancient Greek word, meaning “the rule of the home.”  Being able to manage the household wealth and finances is the management of the economy, since being able to manage the household allows one to manage a business economy and state wealth as a whole. We can see how the finance of individuals, businesses, real estate, and countries intersect in the realm of the global economy.