Quote:
Originally Posted by Black Mamba
Back in '80 / '81 when the economy hit the skids the same things had happened. I was managing a cabinet shop and we weren't able to get the lumber we needed due to mills closing. We ended up shuttering. All this was precipitated by the housing market taking a dump sending new housing starts spiraling. Today's news was that the housing starts were up 27% last month so maybe we have turned a corner.
Hang tight and hope that we have!
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There are stats and there are 'dam' stats. New housing SALES were up 27% over the same month a year ago when new housing sales were zero. Existing home sales were dead FLAT last month. My son's business is way up, $300K in the black compared to losing $1 million a year ago. Improving economy? NO! He is down to 15% of former staff and he is working his azz off 14, 16 hours a day.