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2good2betrue (< 20)

Building business on the uptick

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March 11, 2012 – Comments (2) | RELATED TICKERS: LL , HD , LOW

I've been working with my local lumber yard to obtain some trusses for a garage I'm fixing up. Only evidently there has been a hold up with the design firm who engineers the trusses. Word back from the firm (regarding the reason for their delay) is that they have been swamped with requests for quotes to the point where they are cranking out 50 quotes a day. While it is true, that not all quotes translate to actual spending, the uptick in interest to build is definitely noteworthy. Also talked with a local builder about what he has been seeing and the response was suprisingly similar to the lumber yard - he said he's given out a lot of quotes lately from people wanting fairly big projects completed.

I have also noticed an increase in people at the lumber yard (as well as even home depot). Less than a month ago, these places were ghost towns, so there is a noticable ramp up in people looking to improve their homes but not just buying small things, but rather additions, new buildings, etc. - i.e. big ticket items!

I'd be curious if this is just a local midwest thing, or if its taking root across the US. Still, the 50 quotes a day was pretty eye poping, as was the increase in quotes received from local builders. Maybe people are looking to spend their next tax refund on home improvement or something like that? I'd keep an eye on building supply stocks, not so much builders as I'm not sure how wide spread this is.

2 Comments – Post Your Own

#1) On March 11, 2012 at 7:03 PM, HarryCaraysGhost (84.01) wrote:

I recced this earlier not sure why everyone else has not..

Went to HD this morning and there was a line at checkout 7:30 A:M CHItime.

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#2) On March 14, 2012 at 12:10 PM, chk999 (99.95) wrote:

The local HD has definitely been busy, it's been hard to find a place to park.

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