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CONSTRUCTION KNOWLEDGE BLOG

November 18, 2010

Don’t Buy that New Yacht Just Yet
Filed under: Industry outlook — Tags: — nedpelger

ENR seems to have an article each week warning us to expect a longish and slowish recovery. The mantra seems to be, “Slow 2009, slow 2010, slow 2011, better 2012.”

Of course, the good and the bad news about all this forecasting is that no one really knows what will happen. If they did, they wouldn’t be writing about it, they’d be investing to make huge windfalls from their prognostication.

Savvy owners know that the best time to buy construction is the beginning of the recovery. The highly competitive pricing and great financing deals motivate owners to jump back into the building market. I think that time is now and expect 2011 to be a stronger year than most are predicting. But don’t buy that new yacht just yet.

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