Thursday, May 29, 2014

The Approaching Summer Carries Predictions of Growth in New Construction

Summer is just a few short weeks away. The summer months have traditionally been a busy time for countertop fabricators and installers, which may work to distract us from outdoor activities, events and vacations. However, focusing on a steady flow of jobs during this season can be just as rewarding, if not more so.

 Some talk has been circulating about the slowdown in the U.S. housing market after sales took off in 2013. Fears of slipping back into a recession have arisen, but it seems that deeper analysis of the situation may indicate that these fears hold no merit. The jump in sales in 2013 was necessary for the market to catch up to where it should be, and now, housing sales and new construction are expected to increase slowly and steadily through 2018, according to experts.

Two of the reasons for the current slowdown are rising mortgage rates and a decreasing inventory of existing homes. Residential property investors have been buying up existing structures before prices begin to rise, but this activity has spurred new construction in many markets that were hit hard during the recession, including Phoenix, Atlanta and several cities in Texas.

As the housing market continues to recover, this summer is a great time to focus on current jobs while preparing for the strong possibility of new construction approaching. Of course, it never hurts to temper work with trips to the beach, camping, backyard barbeques or even a trip to an exotic location. So, I'd like to wish you all an enjoyable yet prosperous summer, and it would be great to hear from you about what you are expecting for your business in the near future.

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