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Old 04-30-2012, 09:01 PM   #1
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Question....the economy and new construction


good day, I have been in the home building trade and concrete for @ 15 years. I was in the midst of my career when the housing market crashed in fall of 2008. Since then, i have been in limbo. looking for another career and kinda waiting to see when the housing market improves....so here's my question....

Is this a good time to start again? interest rates are low, so are materials and labor in that industry right now as well as building lots. I live in dallas, tx so as far as being in a place with a thriving economy....i am in a place like that.
would i be safe to start now or maybe wait another year? thanks in advance :-)

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Old 04-30-2012, 09:07 PM   #2
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Question....the economy and new construction


Unless you have a crystal ball who knows what it's going to do.
In my papers job ads all I've seen is people looking for people with HVAC training, even working at an apaprtment building they want HVAC certifed.

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Old 04-30-2012, 09:33 PM   #3
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Question....the economy and new construction


on the local news i have seen reports for the first time in years how our local housing market is at a shortage of new homes. the stock market has rallied because of favorable housing market reports. there are hardly any new construction start ups in my area....so that could be good or bad....
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Old 04-30-2012, 09:36 PM   #4
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Question....the economy and new construction


If I was you I'd go visit a couple of real estate brokerages and some mortgage specialists. Make it clear from the beginning that you are just looking for info, so no one is frothing at the bit for your bus. and so you get a more realistic picture. Lenders usually get a good idea of the near future trends
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Old 04-30-2012, 09:46 PM   #5
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Question....the economy and new construction


Quote:
Originally Posted by outburst View Post
on the local news i have seen reports for the first time in years how our local housing market is at a shortage of new homes. the stock market has rallied because of favorable housing market reports. there are hardly any new construction start ups in my area....so that could be good or bad....
I've been hearing for favourable market trends in pockets of the States for a while now. There are even some markets that are enjoying multiple offer situations again.

I've heard that the USA is recovering faster then analysts predicted. Don't go by me though. Your market is specific to your area, which is thousands of miles away. Do your research and your own due diligence before you set forth on a new venture
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Old 04-30-2012, 09:48 PM   #6
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Question....the economy and new construction


thanks to you guysfor the input.....im probably still a little premature in the timing but i sure would like to get back to work. The skills i have paid well at one time but they sure arent in demand post 2008 i have been hearing the same reports in my area, but i dont see hardly any new startups. I have noticed that most of the foreclosures have sold though which is a good sign...

Last edited by outburst; 04-30-2012 at 09:51 PM.
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Old 04-30-2012, 09:51 PM   #7
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Question....the economy and new construction


Hang in there. You will be in demand again. Its just a matter of time. Everything is cyclic.
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Old 04-30-2012, 10:11 PM   #8
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Question....the economy and new construction


things are getting slower here. seems those that have money, are holding onto it. if obama gets in again, the bottom will drop out.

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