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Construction to grind to a Halt… Get Ready!!

 
Anonymous Coward
User ID: 58131257
United States
06/29/2022 06:51 AM
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Construction to grind to a Halt… Get Ready!!
Residential Homebuilder here… the construction industry drives so many jobs. We are about to see a MAJOR slowdown/shutdown this fall and everyone will feel it. These track builders are going to be at an over surplus and will call a timeout in starts. This will cut all the trades out of 75-80% of work. Think about it… lumber suppliers, door and window manufacturers, hvac, plumbing, electrical all the components… it’s billions of parts and millions of laborers. BE READY and put your Faith in Jesus the Author & Protector of it all. Biblical Times 🙏
Anonymous Coward
User ID: 83768923
06/29/2022 07:02 AM
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Re: Construction to grind to a Halt… Get Ready!!
I'm IN Construction and don't understand what you just said.
Please explain yourself
Anonymous Coward (OP)
User ID: 58131257
United States
06/29/2022 07:11 AM
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Re: Construction to grind to a Halt… Get Ready!!
What don’t you understand??… a major percentage of the workforce is tied to the construction industry (add in mortgage brokers, realtors etc) and it is falling off a cliff… FAST. 2008 was a foreshadowing of what we are about to go through AND it’s NOT GOOD!
Big Daddy D
Chaotic Constitutionalist

User ID: 82123025
United States
06/29/2022 07:13 AM

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Re: Construction to grind to a Halt… Get Ready!!
The only win from this is the illegals will go back to Mexico. Speaking from Texas, of course.
HWR
The US is a One Party State controlled by a small cadre of Financiers
Big Daddy D
beeches

User ID: 78973486
United States
06/29/2022 07:14 AM

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Re: Construction to grind to a Halt… Get Ready!!
bump so others see and comment.

not my field to make much of a comment myself!
Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
User ID: 79712990
United States
06/29/2022 07:18 AM
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Re: Construction to grind to a Halt… Get Ready!!
The only win from this is the illegals will go back to Mexico. Speaking from Texas, of course.
 Quoting: Big Daddy D


No, they will go from working under the table while collecting "benefits" to living off of just benefits -- and supplementing that with stealing. Get ready for a big crime wave
Anonymous Coward (OP)
User ID: 58131257
United States
06/29/2022 07:18 AM
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Re: Construction to grind to a Halt… Get Ready!!
100% about the illegals. I have guys texting me everyday for work and they make pennies… they are great people and will do anything and go anywhere to support their families.
Anonymous Coward
User ID: 83540006
United States
06/29/2022 07:18 AM
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Re: Construction to grind to a Halt… Get Ready!!
A client of mine has two concrete plants here in North TX. For the past three years running they batch enough concrete to pour anywhere from four to six house slabs on a daily basis. He has orders booked up through September. But beyond that - nothing.
Anonymous Coward
User ID: 72166064
Costa Rica
06/29/2022 07:20 AM
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Re: Construction to grind to a Halt… Get Ready!!
Residential Homebuilder here… the construction industry drives so many jobs. We are about to see a MAJOR slowdown/shutdown this fall and everyone will feel it. These track builders are going to be at an over surplus and will call a timeout in starts. This will cut all the trades out of 75-80% of work. Think about it… lumber suppliers, door and window manufacturers, hvac, plumbing, electrical all the components… it’s billions of parts and millions of laborers. BE READY and put your Faith in Jesus the Author & Protector of it all. Biblical Times 🙏
 Quoting: Anonymous Coward 58131257


You just went through a major upturn, because all the sheeple have to have new houses at once, and driving up home, and building supplies, prices.
Now, here comes good Ole reality, construction activity will plummet and so will real estate values.
Many of these new home buyers will soon find themselves getting deeper and deeper under water on their home "investments" purchased at the market top.
Then, the banksters will have problems again.
Same Ole.
Anonymous Coward (OP)
User ID: 58131257
United States
06/29/2022 07:29 AM
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Re: Construction to grind to a Halt… Get Ready!!
Watch the Major players!… Horton, Lennar, Meritage, Toll, etc… their sticks have tanked. When they call a time-out, it’s over… and that’s about to happen.
Anonymous Coward (OP)
User ID: 58131257
United States
06/29/2022 07:29 AM
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Re: Construction to grind to a Halt… Get Ready!!
Watch the Major players!… Horton, Lennar, Meritage, Toll, etc… their stocks have tanked. When they call a time-out, it’s over… and that’s about to happen.
 Quoting: Anonymous Coward 58131257
Anonymous Coward
User ID: 72166064
Costa Rica
06/29/2022 07:45 AM
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Re: Construction to grind to a Halt… Get Ready!!
Watch the Major players!… Horton, Lennar, Meritage, Toll, etc… their sticks have tanked. When they call a time-out, it’s over… and that’s about to happen.
 Quoting: Anonymous Coward 58131257


There are bigger problems than just housing.
In the past few weeks both Steve Forbes and Martin Armstrong have spoken of an economic collapse ahead.
It could imminent or could be another year or so....
Anonymous Coward
User ID: 77876249
United States
06/29/2022 08:01 AM
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Re: Construction to grind to a Halt… Get Ready!!
bsflag

I do a lot in the construction world.
Nothing is slowing down.

Building houses???
That is not construction...

I'm building multi-tenant high rise residential complexes all throughout the Northeast..

The commercial side of construction is going just fine.
Sounds like you work for a shitty GC.

Now if you want to complain about the level of laziness I am finding in the construction industry, then that is a conversation...

But nothing is slowing down in the world I am in.
Anonymous Coward
User ID: 76208295
United States
06/29/2022 08:08 AM
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Re: Construction to grind to a Halt… Get Ready!!
bsflag

I do a lot in the construction world.
Nothing is slowing down.

Building houses???
That is not construction...

I'm building multi-tenant high rise residential complexes all throughout the Northeast..

The commercial side of construction is going just fine.
Sounds like you work for a shitty GC.

Now if you want to complain about the level of laziness I am finding in the construction industry, then that is a conversation...

But nothing is slowing down in the world I am in.
 Quoting: Anonymous Coward 77876249


You’ll notice it at some point.
28 years construction here, booked months ahead my whole life. High end work. Phone has slowed to a crawl.
Anonymous Coward
User ID: 77950187
United States
06/29/2022 08:12 AM
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Re: Construction to grind to a Halt… Get Ready!!
Uncle Intel?
Anonymous Coward
User ID: 3147249
United States
06/29/2022 08:12 AM
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Re: Construction to grind to a Halt… Get Ready!!
Higher ups tell us our commercial jobs and big apt high rises are to be wrapped up. This fall.....Brace! Brace! Brace!
Anonymous Coward
User ID: 81745941
Venezuela
06/29/2022 08:17 AM
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Re: Construction to grind to a Halt… Get Ready!!
The only win from this is the illegals will go back to Mexico. Speaking from Texas, of course.
 Quoting: Big Daddy D


100% RIGHT ON, many contractors hire ILLEGALS or HILLBILLY DRUNKS.
Anonymous Coward
User ID: 80032697
United States
06/29/2022 08:24 AM
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Re: Construction to grind to a Halt… Get Ready!!
I chatted with a lumber salesman this week, his largest customer, a large home builder in TX cut their housing starts in half. He said they are busy for now, but the Fall will be the true test. There will be enough financial pressure on folks (mainly interest rates) where their buying power will diminish and buying will slow down, which will drive prices of homes down. All out collapse, don’t know.

I’m seeing more ARM loans, which makes me a bit uneasy, reminds me of the mortgage doom we had back in the mid 2000s, sub-prime lending, here we go again.
Anonymous Coward
User ID: 83283176
United States
06/29/2022 08:43 AM
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Re: Construction to grind to a Halt… Get Ready!!
First of all, it's a housing TRACT not TRACK. They aren't racing single family homes around some crazy race track in these housing developments. Second, thanks Mr. Obvious! Got anymore pearls of wisdom to bestow on us?


putin
Anonymous Coward
User ID: 83241390
United States
06/29/2022 08:46 AM
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Re: Construction to grind to a Halt… Get Ready!!
Word is that come August there is going to be a concrete shortage.
Anonymous Coward (OP)
User ID: 58131257
United States
06/29/2022 08:48 AM
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Re: Construction to grind to a Halt… Get Ready!!
First of all, it's a housing TRACT not TRACK. They aren't racing single family homes around some crazy race track in these housing developments. Second, thanks Mr. Obvious! Got anymore pearls of wisdom to bestow on us?


putin
 Quoting: Anonymous Coward 83283176


“TRACT”… Happy bro? And it’s Tools like you that are going to get crushed. Guarantee you don’t have any friends or “community” with comments like these. Good luck man!
DNoMo Michele B

User ID: 83620468
United States
06/29/2022 08:50 AM
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Re: Construction to grind to a Halt… Get Ready!!
A client of mine has two concrete plants here in North TX. For the past three years running they batch enough concrete to pour anywhere from four to six house slabs on a daily basis. He has orders booked up through September. But beyond that - nothing.
 Quoting: Westwood1



Oh, good. PLEASE! Let things keep humming along till August/September.


I have a property we're rehabbing for resale, and CANNOT AFORD to take a big loss on it.


Still need about a month to get it up to snuff. And then need the snowbirds to return to get maximum $$$ for it.
Anonymous Coward
User ID: 83283176
United States
06/29/2022 08:50 AM
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Re: Construction to grind to a Halt… Get Ready!!
First of all, it's a housing TRACT not TRACK. They aren't racing single family homes around some crazy race track in these housing developments. Second, thanks Mr. Obvious! Got anymore pearls of wisdom to bestow on us?


putin
 Quoting: Anonymous Coward 83283176


“TRACT”… Happy bro? And it’s Tools like you that are going to get crushed. Guarantee you don’t have any friends or “community” with comments like these. Good luck man!
 Quoting: Anonymous Coward 58131257


Hey dumbass....I agreed with you. Calling you "Mr. Obvious" means you are telling us something that is already known. When you get over being all butthurt over me calling you out over "tract", then you might see. Where in my post did I disagree with your dumbass???

butthurt9
George Carlin

User ID: 80345823
United States
06/29/2022 08:51 AM
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Re: Construction to grind to a Halt… Get Ready!!
uncle
Residential Homebuilder here… the construction industry drives so many jobs. We are about to see a MAJOR slowdown/shutdown this fall and everyone will feel it. These track builders are going to be at an over surplus and will call a timeout in starts. This will cut all the trades out of 75-80% of work. Think about it… lumber suppliers, door and window manufacturers, hvac, plumbing, electrical all the components… it’s billions of parts and millions of laborers. BE READY and put your Faith in Jesus the Author & Protector of it all. Biblical Times 🙏
 Quoting: Anonymous Coward 58131257

non-vaxxhole, F U commies!
Anonymous Coward
User ID: 18098322
United States
06/29/2022 08:52 AM
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Re: Construction to grind to a Halt… Get Ready!!
Thanks GoD
Maybe era of small homebuilders/ contractors replace corporate mega bitches like toll brothers
DNoMo Michele B

User ID: 83620468
United States
06/29/2022 08:53 AM
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Re: Construction to grind to a Halt… Get Ready!!
bsflag

I do a lot in the construction world.
Nothing is slowing down.

Building houses???
That is not construction...

I'm building multi-tenant high rise residential complexes all throughout the Northeast..

The commercial side of construction is going just fine.
Sounds like you work for a shitty GC.

Now if you want to complain about the level of laziness I am finding in the construction industry, then that is a conversation...

But nothing is slowing down in the world I am in.
 Quoting: Anonymous Coward 77876249


You’ll notice it at some point.
28 years construction here, booked months ahead my whole life. High end work. Phone has slowed to a crawl.
 Quoting: Anonymous Coward 76208295



Can't say I'm sorry.


Family member DIED a year ago...and said family member's Sig. Other CHEATED me and my siblings out of our inheritance so THEY could keep it and get richer on the custom home building business MY FAMILY MEMBER BUILT and they horned in on.


I hope they starve with the shut down.

Last Edited by DNoMo Michele B on 06/29/2022 08:54 AM
Anonymous Coward
User ID: 80788445
United States
06/29/2022 08:53 AM
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Re: Construction to grind to a Halt… Get Ready!!
Good. I have an architect working on two story addition plans as we speak.

Lumber has already fallen significantly, let it plummet! It will finally be easy to find contractors!
Anonymous Coward
User ID: 1839777
United States
06/29/2022 08:56 AM
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Re: Construction to grind to a Halt… Get Ready!!
Materials have dropped 50%

Property bubble....



Buy properties and building materials.
Anonymous Coward
User ID: 18098322
United States
06/29/2022 09:02 AM
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Re: Construction to grind to a Halt… Get Ready!!
Good. I have an architect working on two story addition plans as we speak.

Lumber has already fallen significantly, let it plummet! It will finally be easy to find contractors!
 Quoting: Anonymous Coward 80788445


Yes and not.
Finding good contractors is always difficult
Home depot charges $55 for gallon of paint ,
Good contractor charges +-$1k per day + $0.5k each worker ,materials and
+25% profit as of june 2022
Anonymous Coward
User ID: 79238296
United States
06/29/2022 09:04 AM
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Re: Construction to grind to a Halt… Get Ready!!
Pawn shops. Talk about a 'leading indicator'! When a tradesman and his work slow down, then tools start to get dumped and fast. I'm talking drills, chop saws, nailing/framing hammers, etc. I was at our local pawn shop yesterday and have never seen so many cordless drills: DeWalt, Makita, Milwaukee, there were 2 rows three high of just cordless drills!
Anonymous Coward
User ID: 79267309
United States
06/29/2022 09:05 AM
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Re: Construction to grind to a Halt… Get Ready!!
you right.





GLP