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Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,658
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More on Recession
I can't find a link to an article by Alex Veiga, business writer for USA Today that appeared in our local rag. He reports on a Sacramento drywall company that did 30 M in'05. In a nutshell, the company did less than 15 M in '07 and is looking at a projection of 8 M this year. 26 consecutive months of less sending in residential construction as of 4/08. I guess there's still some commercial work out there.
The statement of note: "For every job lost in construction you generally lose a little more than one more job elsewhere in the economy." -- Mark Zandi, Economy.com That's kind of a silent killer. |
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06-03-2008, 10:12 AM
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No matter how bad you think you have it, it's worse in Michigan.
Trust me on this.
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1977 911S Targa 2.7L (CIS) Silver/Black 2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black 1989 modified Scat II HP Hovercraft George, Architect |
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06-03-2008, 10:13 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,658
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Oh, I do. I know. I'm sure the same premise works in the auto industry and other manufacturing.
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06-03-2008, 11:24 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Friend of mine builds M+ houses for Owner Builders...retired Electrical Contractor, Brother in Law is also a big electrical contrator...He says construction is slow, but the guys are still working.
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Copyright "Some Observer" |
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06-03-2008, 11:28 AM
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Registered
Join Date: Sep 2005
Location: So. Cal.
Posts: 11,239
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Wow - even Wayne double posts - now I don;t feel so baD!
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David 1972 911T/S MFI Survivor |
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06-03-2008, 01:53 PM
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1977 Porsche 911S 2.7L
