OK, so everybody is bailing out. Is there anybody left in reading this thread....?
Interestingly, I found the following paragraph in the beige book:
"Shortages of materials, labor and land are hindering construction and delaying projects in some areas. Land shortages are cited in New York and Atlanta. Labor shortages are indicated in New York, St. Louis, Chicago, Dallas, and San Francisco--mainly for skilled tradespeople, such as carpenters, framers, and masons. Many districts also report problems in obtaining key construction materials, most notably drywall, insulation and bricks. Home sales in Boston, New York and Atlanta are being limited by construction bottlenecks, combined with low inventories of existing homes. "
Sounds to me like the public is out there wanting to buy, but the supply is a little thin on the ground, literally.
Doesn't sound bad to me from a construction company's point of view. |
