by MarkJ » Wed 16 Jul 2008, 09:22:44
I'm on the front lines in different industries such as building, pluming, heating, cooling, heating fuels and auto repair.
Residential building and renovation is booming in some areas (suburbs, towns, villages, vacation homes) but spotty in others. (cities, exburbs, distant commuter towns)
Demand for large building lots, acreage, farmland and commercially zoned land is way is way up. I've made more money developing and selling land than building.
Commercial building and/or expansion is booming in most regions. (warehouses, stores, hotels, restaurants, offices, professional buildings, industrial parks)
Our residential heating oil & kerosene sales are down, commercial heating oil sales are up, residential propane sales are up and commercial propane sales are up. The primary reason for declining sales is that customers are switching form higher priced full service companies to cheaper COD oil companies with lower minimum deliveries. A few of our competitors have gone bankrupt, so we end up with many of their customers.
New furnace, boiler and water heater installations are up substantially, but annual heating service is down. I expect emergency service, repairs and installations related to system failure, fuel run-outs, fire, CO, frozen/burst water & boiler piping will increase like the last couple of seasons. A/C installations (retrofits) were up substantially this year, which is surprising since A/C is a luxury and many A/C customers really need insulation, weatherization, new windows, better ventilation and heating system replacement.
The guys that lease my auto service garage said business is up since people are fixing the vehicles they own as opposed to buying new. Their buy-here-pay-here used car business is up substantially as well. Smaller cars, mid sized economical cars and cheaper vehicles are selling well regardless of the miles.
I'm surprised at the labor rates the independent garages are charging as well since their rates are as high as the dealerships.
Since the used car market has been picking up, we're seeing the return of the curbstoners.