(RECAP: As the housing market continues to get back on its feet in the aftermath of the recession, some experts say the biggest thing holding back single-family housing is a lack of labor, building lots and other supply side issues. Daniel McCue, senior research associate for Harvard University’sJoint Center for Housing Studies, says that labor is a major constrictor of the housing market going forward. Citing information from the U.S. Census Bureau, McCue says some two million construction workers were lost during the recession, and only about 40 percent of them have returned to the industry. Though there’s an increasing demand for housing, builders don’t have the labor force to meet it. Warren Teller, a Richmond area real estate agent for real estate brokerage and technology company Redfin, says the demand for new housing is there – if developers can find the workers to build.)
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