Cooling Down or Heating Up?
Throughout 2021 and through the first 6 months of 2022, our builder and architect customers have been triaging price increases, long lead times, labor shortages, high wages, $5 gas, slow moving permit offices, lightning fast home sales and everything in between when it comes to home building and remodeling.
With inflation now at a 41 year high (9.1% year over year) and mortgage rates up to 6% and climbing, the giant economic fire hose is trying put out the 5 alarm ripper in our industry right now. The flames seemed to have tamped down a bit over the past few weeks, but where are we going from here?
We'd love to hear from YOU, our builder and architect customers, on your outlook for the rest of the year. Where do you see projects going? Are your clients still engaged and eager to build? Are clients spooked by the stock market and canceling projects as a result? Are you preparing for a slowdown or are we going to speed back up?
Email John Perna or call us on the Hotline...aka 609-587-4020