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Eye On The Market

 
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Old 08-22-2008, 10:27 PM   #1
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Eye On The Market


I'm in Texas and it seems that construction is still pretty strong, but I hear all sorts of rumors that there is a major slowdown in other parts of the country. I know a lot of contractors with a two year queue, which in my book is pretty nice. Just curious, but I would like to hear from other parts of the country. Thanks!

Seven days until A&M football starts up again.....
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Old 08-22-2008, 10:30 PM   #2
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Re: Eye On The Market


Here in So Cal we have slowed down to a screeching halt.

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Old 08-22-2008, 11:36 PM   #3
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Re: Eye On The Market


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Originally Posted by asnider View Post
I'm in Texas and it seems that construction is still pretty strong, but I hear all sorts of rumors that there is a major slowdown in other parts of the country. I know a lot of contractors with a two year queue, which in my book is pretty nice. Just curious, but I would like to hear from other parts of the country. Thanks!

Seven days until A&M football starts up again.....

if you really followed the market , you'd probably jumped outta yer basement window by now
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Old 08-22-2008, 11:38 PM   #4
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Re: Eye On The Market


go big blue
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Old 08-22-2008, 11:40 PM   #5
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Re: Eye On The Market


we are..........
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Old 08-22-2008, 11:50 PM   #6
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Re: Eye On The Market


Over here in NY my phone is ringing off the hook .Every one wants to no how much there job will cost and no one has the money to do the work .I mite start chargeing for the proposal, Then i would be in the money. I have 2 leads to look at tomarrow and dont want to wast the fuel to go and meet with them . I have only had 1 job i bid on in 11/2 years built with out me .
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Old 08-22-2008, 11:57 PM   #7
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Over here in NY my phone is ringing off the hook .Every one wants to no how much there job will cost and no one has the money to do the work .I mite start chargeing for the proposal, Then i would be in the money. I have 2 leads to look at tomarrow and dont want to wast the fuel to go and meet with them . I have only had 1 job i bid on in 11/2 years built with out me .
fuel is but an OVERHEAD....keep om truck'in
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Old 08-22-2008, 11:58 PM   #8
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Re: Eye On The Market


dittos on the coupon writings (estimates)
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Old 08-23-2008, 05:43 PM   #9
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Re: Eye On The Market


Snow man I said I was in Texas.....I've never even seen a basement. I can't even imagine jumping out of one!!
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Old 08-23-2008, 06:06 PM   #10
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Re: Eye On The Market


I just passed through the worst month for leads in 2 years. Seemed everybody in Colorado was getting spooked between the economy and the DNC and the election. Guess what I did? I followed the advice I always give everyone else - spend more money on advertising. Some worked some didn't. But I signed 3 new jobs in the last 3 days and have 5 estimates for next week. So who the F&*K knows what is going on anymore.

Last month I was ready to sell everything and go work at Home Depot, nobody would commit to anything, I even had a customer buy themselves out of their contract, this week it seems like I can do no wrong.
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Old 08-23-2008, 06:16 PM   #11
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Re: Eye On The Market


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. So who the F&*K knows what is going on anymore.

Last month I was ready to sell everything and go work at Home Depot, nobody would commit to anything,
God knows I can't explain it. Late last winter I stopped all advertising and was entertaining going to work as a P/M for another company. All of the sudden I got hit with a couple of great clients that found an old listing from a previous venture of mine (still construction). I ended up with over 200k worth of work and working on finalizing another 600k worth with them. Architects are calling me for Historic Projects in Vermont and I have to get a bid out by the end of the month for about 200k.

When I pulled the plug on advertising I thought it would be the end, when in fact it was just the beginning. There dosen't seem to be a right way or wrong way any more.
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Old 08-23-2008, 07:02 PM   #12
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Re: Eye On The Market


Minneapolis area is holding. Less leads, but the callers are looking to get work done. It seems like the "Home Equity Loans" crowd has backed off and the serious prospects are calling.
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Old 08-24-2008, 02:53 AM   #13
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Re: Eye On The Market


From what I see here, we are still going strong. Just read an arrticle the other day about our big bubble here is Midwest. People are still pushing on. With the floods and tornadoes this year, I think it is jaded, but it is still pushing on. I don't know how people are paying for the outrageous houses that are going up, but they are getting them financed so....to each his own. It's not payment to make. I'm glad we're still doing well.

mark
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Old 08-24-2008, 03:37 AM   #14
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Re: Eye On The Market


i will say ... definitely an odd year. I've noticed people taking longer to pay their bills. In addition, I've noticed that EVERYONE seems to be in a pissy mood.


other than that ... ive not seen any devastating changes. There have been some local companies (various trades/industries) that have gone out of business. Yeah, new home construction is stopped ... but life keeps going on.


also, many people seem to be looking for a "deal."

do not give them this.... they can afford more ... and they think that everyone's starving for work


honestly, any problems i have right now are not caused by the economy or whoever is President ... but rather, myself.
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Old 08-24-2008, 08:48 AM   #15
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also, many people seem to be looking for a "deal."

do not give them this.... they can afford more ... and they think that everyone's starving for work
I've certainly run into more of that with the little probing questions you get or the little bombs they like to drop about what they have "heard" about it being slow... Answers always the same "We are busier then ever." That should always be your answer no matter what your circumstances are. "Never let em see you sweat!"
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Old 08-26-2008, 03:59 PM   #16
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Re: Eye On The Market


I seem to be getting alot of tire kicking. Alot of Craigslist Fools who are unlicensed. Everbody is now into remodeling, because of the slowing of the new construction. I recently went on a kitchen remodeling estimate. Price came in at $39,000. I was a average size kitchen plus required permit and drawing. Customer said there budget was $35 to $40. After having 7 estimates, I was the highest and he went with a guy who came in at $21,000.00. Cabinets alone where $10,000. I asked if the guy he chose was Lic. and was going to pull permits? He says I guess, he is a Contractor....
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Old 08-27-2008, 01:24 PM   #17
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Re: Eye On The Market


Quote:
He says I guess, he is a Contractor....
That's so frustrating. Everyone seems to be trying to cut corners right now.
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Old 08-27-2008, 09:40 PM   #18
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Re: Eye On The Market


Here in Nashville we've been sittin' pretty for the last few months relative to the rest of the country.

Lately I've heard more talk of hard times from some contractors, but it's still pretty stable.

Some bigger new home builders are, of course, moving into the remodeling market. Which always results in a train wreck.

But, above all, it's been pretty good. I know there are a lot of guys out there who are really hurting bad. Keep your chins up, guys and gals.
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Old 08-27-2008, 09:47 PM   #19
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Re: Eye On The Market


Hawaii has slowed dramatically, last job I bid on had estimates from 15 different contractors. Im a small company grossing under 1 mil. annually. got under bid by 20,000, on a 75,000 job by a UNION COMPANY grossing 100 mil+ annually WTF!!
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Old 08-30-2008, 01:40 PM   #20
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Re: Eye On The Market


How did you get under bid by a union company....isn't that impossible?

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