realestate

Real Estate Stocks Plummet Amid Developer Optimism for Trump Policies

Economists feared immigration crackdowns would deplete construction workforce reliant on foreign-born labor.

R
eal estate stocks took a surprising hit as developers breathed a sigh of relief over Trump's presidency. But will the property world's native son ultimately harm the market?

    Economists fear that an immigration crackdown could severely impact the construction industry, which heavily relies on foreign-born labor. This workforce is crucial to keeping projects moving forward and meeting demand for new homes and developments.

    The potential consequences of such a policy are far-reaching, with many experts warning that it could lead to a shortage of skilled workers and increased costs for developers.

Stock market graph falls with real estate developers in New York City.