"Builders"
It is always a good idea to keep an eye on the builders to help us foresee where the market is heading, they have some of the best brains in the business working for them. Below is a graph with the yearly housing starts, note that from 1978-2007 we had some ups & downs but we averaged around 1.5M units per year. In the last three years we have only averaged around 575K units per year, that is 3M units below the average! This year the prediction is for around 875K units and we should be above 1M for 2013. So what can we get from all of this? First is the housing starts are trending back up which means the builders have confidence in the recovering market. Second, over the last three years the population did not stop growing so when we here the term "pent up demand" it is for real. As you all know there has been a severe problem with inventory in are region for some time and it does not look like it is going to get better anytime soon. The good news with that is supply and demand will continue to take over and we will be seeing sustained upwards pricing pressures.
| 2011 | 430,900 | 178,300 | 609,200 |
| 2010 | 471,200 | 115,700 | 586,900 |
| 2009 | 445,100 | 108,900 | 554,000 |
| 2008 | 622,000 | 283,500 | 905,500 |
| 2007 | 1,046,000 | 309,000 | 1,355,000 |
| 2006 | 1,465,400 | 335,500 | 1,800,900 |
| 2005 | 1,715,800 | 352,500 | 2,068,300 |
| 2004 | 1,610,500 | 345,300 | 1,955,800 |
| 2003 | 1,499,000 | 348,700 | 1,847,700 |
| 2002 | 1,358,600 | 346,400 | 1,704,900 |
| 2001 | 1,273,300 | 329,400 | 1,602,700 |
| 2000 | 1,230,900 | 337,800 | 1,568,700 |
| 1999 | 1,302,400 | 338,500 | 1,640,900 |
| 1998 | 1,271,400 | 345,500 | 1,616,900 |
| 1997 | 1,133,700 | 340,300 | 1,474,000 |
| 1996 | 1,160,900 | 315,900 | 1,476,800 |
| 1995 | 1,076,200 | 277,900 | 1,354,100 |
| 1994 | 1,198,400 | 258,600 | 1,457,000 |
| 1993 | 1,125,700 | 162,000 | 1,287,600 |
| 1992 | 1,029,900 | 169,900 | 1,199,700 |
| 1991 | 840,400 | 173,500 | 1,013,900 |
| 1990 | 894,800 | 298,000 | 1,192,700 |
| 1989 | 1,003,300 | 372,900 | 1,376,100 |
| 1988 | 1,081,300 | 406,700 | 1,488,100 |
| 1987 | 1,146,400 | 473,800 | 1,620,500 |
| 1986 | 1,179,400 | 626,000 | 1,805,400 |
| 1985 | 1,072,400 | 669,500 | 1,741,800 |
| 1984 | 1,084,200 | 665,300 | 1,749,500 |
| 1983 | 1,067,600 | 635,500 | 1,703,000 |
| 1982 | 662,600 | 399,700 | 1,062,200 |
| 1981 | 705,400 | 378,900 | 1,084,200 |
| 1980 | 852,200 | 440,000 | 1,292,200 |
| 1979 | 1,194,100 | 551,100 | 1,745,100 |
| 1978 | 1,433,300 | 587,100 | 2,020,300 |
Enjoy the coffee,
Joe
INSPIRATION FOR TODAY:
"The spirit, the will to win, and the will to excel are the things that endure. These qualities are so much more important than the events that occur."
~ Vince Lombardi
WINNING ISN'T EVERYTHING!
Good old Vince Lombardi - always a great source for motivating words! Success on the football field was the result of the spirit he had and developed within himself, not the other way around! Sometimes we have a tendency to put the cart before the horse, thinking that we become better people through achieving success. What an egocentric and near-sighted notion! We really achieve success by becoming better people!
Achieving your goals is like finally arriving at your destination after a long journey. How many times have you heard that it's not the destination that's so important - it's the steps that you take along the path? It's not so much what you do, but how you do it. Regardless of success or failure, it's your efforts that are remembered and define who you are.
Even the most menial jobs and tasks can be elevated simply by caring enough about doing them well. You can learn to respect any job when it is performed by someone who respects himself. Again, it is not the "events that occur" so much as it is the "will to excel" that impresses us. We shouldn't worry so much about getting a better job so much as simply doing our job better!
It's also that "will to win" that drives us to keep trying, even when we do not achieve our goals. As long as you have that drive and ambition, you WILL succeed! As a matter of fact, you've already succeeded right there. Big or small, you have dreams, you have goals, and you have the spirit and confidence to carry you. Along the way, chances are that you'll also inspire others with the will to succeed. That's what gains the respect of your colleagues. It's not what rung of the ladder you're on, it's that you simply have the will to climb.
Successes can be fleeting, but the will to succeed is timeless. What will you be remembered for?
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