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The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full recovery. Both single-family and multi-family homebuilders cite the current labor shortage as the key cause of higher prices and slower productivity.
In 2018, 47% of general construction laborers were Hispanic or Latino, according to the latest data from the Bureau of Labor Statistics. In specialty sectors, their share is even higher: 70% of drywall and ceiling tile installers, 56% of roofers and 55% of painters.
The article goes on to state the following:
All this is not lost on the CEO of the Bozzuto Group, a large multi-family developer up and down the East Coast as well as in mid-Western cities. Bozzuto Group has developed, acquired and built more than 45,000 condominium homes and apartments, with annual construction revenue of $500 million, according to its website. It calls itself a “generationally-owned, independently operated family business,” with a staff of more than 2500 employees.
CEO Toby Bozzuto wanted to reassure those workers of his company’s commitment to them, given the latest political rhetoric on immigration policy. So, he sent them this letter:
In response to recent divisive rhetoric, our President and CEO @TobyBozzuto affirmed the strength of diversity and concern for others in a recent letter to employees. Read his letter: https://t.co/20OcZQtF7N
— Bozzuto (@Bozzuto) July 19, 2019
Major real estate developer takes on Trump’s immigration policy: ‘Don’t send them home, send them to us’ https://t.co/V6cfDf6T5d
— Diana Olick (@DianaOlick) July 22, 2019
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