“Nibbi Brothers’ Larry Nibbi said he has seen a flood of résumés from construction workers who were previously employed by home-builders like KB Homes and Centex. The sudden jump in the availability of workers — and subcontractors looking for jobs — has knocked down construction costs about 5 percent to 7 percent in some areas, Nibbi said.”
“An abundance of available workers has knocked down prices for mechanical, electrical, heating, plumbing and dry wall work. Painting has remained about the same and roofing and asphalt have gone up because of the increased cost of oil.”
Nibbi says housing bubble loosens labor pool [San Francisco Business Times]

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