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A "small picture" local observation of impact: Big construction firms and projects scoop up all available workers and materials (concrete, for example) with year-long exclusive contracts. Individual homeowners with small projects, such as updating a bathroom, are generally screwed. Horror stories abound, search if interested. Years-long delays, projects started then abandoned, etc.

DIY is great IFF you have tools, capabilities, willingness to ignore building code requirements for licensed workers, ...