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Planning For The Rest Of 2010

 
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Old 07-01-2010, 01:54 PM   #1
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Planning For The Rest Of 2010


Here in Arizona, there was a sudden flurry of new building ahead of the tax credit expiration, and now it looks like they overbuilt (again). Everything's dead again for new builds and builders are dropping prices to compete with 2-year-old foreclosures.

Today, the stock market's tanking after home sales continue to stay depressed in the wake of the Tax credit, and jobless claims ticked up :
http://www.thestreet.com/story/10796...m_ven=GOOGLEFI

So given ALL THAT: Residential remodeling here is doing fairly well at all levels because most of the houses sold in AZ are foreclosures in various states of disrepair, but I'm seeing more and more high-end customers more reluctant to take on big projects, and unfortunately I think things might tail off further in the West in the second half. Personally, I'm due for a new truck and some tools, but I'm going to hold off and hang onto the cash. Anybody in the NE, SE, or Midwest seeing things differently?
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Old 07-01-2010, 03:33 PM   #2
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Re: Planning For The Rest Of 2010


Quote:
Originally Posted by Duck042 View Post
Anybody in the NE, SE, or Midwest seeing things differently?
Nope, phone is dead

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