2022 Spring Letter from the Owner
Summer 2021 Letter From the Owner
Another season has passed us by. While we often think spring will never get here, I am always shocked at how quickly it becomes summer.
While writing this, I am currently on my way home from the International Builders Show (IBS) in Orlando, Florida. IBS is the premier event of the Building Industry and is held in conjunction with the National Association of Home Builders (NAHB) Board Meeting. This is a three-day event packed full of educational events and vendors are eager to show off the newest products and upgrades to existing products. Preliminary reports estimate over 70,000 people attended this year’s show. After not having the event in 2021, it was great to meet with so many industry experts and manufacturers!
For me, a highlight of the show was a presentation by NAHB Chief Economist, Rob Dietz. Supply chain issues have been increasingly present over the last year, and it’s been a challenging environment for everyone involved. Along with the impacts of inflation, housing continues to be less affordable for all of us. The last time housing fell to below a 50% rate of affordability was in 2006 just before The Great Recession. While inflation is expected to rise and interest rates are expected to increase four times in 2022, a recession is not expected.
Employment is a also very real challenge in the building industry. The NAHB is continuing to promote and develop workforce training opportunities. If employment in the construction industry interests you or a friend, visit the Home Builders Institute to learn more. Additionally, the local Boys & Girls Clubs plans to expose millions of youth to the possibilities within the building industry.
There was an interesting study focusing on swing voters from the 2016 and 2020 elections as well as their current positions. The research revealed that 44,000 votes in three states determined the outcome of the 2020 presidential election. Although many individuals may believe their votes don’t make a difference, they do. While mid-term elections don’t receive the same headlines as the presidential elections, I encourage you to review each candidate’s position and vote to make your voice heard.
While we can’t control the prices of the project we do for you, G.P. Harris Renovations & Remodeling strives to exceed your expectations, communicate when there are challenges, and develop lasting relationships with our clients as we navigate the new normal.