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Things to come1/18
Things to come
I assume that means good? Just kidding Pat, love the graphs
What do you think that means?
Architectural billings are at the tip of a leading economic indicator. As in you have to get plans to get it through the building department.
You can see how low it got in 2009.
The trend is your friend, which is steady as she goes.
The recent spike may indicate confidence under the new Prez. Lack of confidence creates a lack of investment.
The overall thing is that when you look at sales in 1963 they were as high as we have now. That is incredibly low.
The thing is that the population is predicted to go from 323 million to 400+ million in the next few decades.
There is no way there is going to be anything but an explosion in demand for housing and construction.
I don't know how the cabinet shop is going to figure into that growth but there is going to be demand and there is going to be housing built.
"there is going to be housing built."
And re-built. Never forget that market, it's going to be larger than the new market at some point....
I thought you were predicting a sharp drop. The peak lines up with some recent history as the high point.
Remodeling is at a high right now because of the boomers being at the age that people spend money on remodeling, plus historic low interest rates.
Housing sales are at historic lows, they have no where to go but up. The peak of millennials won't hit the house buying age for a few years.
That combined with the business cycle might keep the architectural billings down a little.
But the trend does not portend a drop.
You are not factoring in the global economy. "Nationalism" tends to create world wars. Think about the impact 9/11 had on the economy.
When the first shots get fired in the China Sea this graph is going to have a major correction.
Nope, I'm looking at data I'm not doing a Nostradamus imitation.
I will say that free trade has a much better chance at assuaging those things.
E.G. some people say that the Smoot Hawley tariff was the antecedent for WW 2. Hopefully Trump will come to his senses on this subject.
" Hopefully Trump will come to his senses on this subject." M u s t n o t c o m m e n t o n t h i s s e n t e n c e, I repeat, ............