Florida Economists Predicts Housing Conditions Won't Get Worse

Dr. Fishkind, a Florida Economist, issued his opinion on the Florida housing market this week. He says "Overall Housing Conditions Won't Get Worse." "The current downturn is a supply phenomenon, not a demand phenomenon." "Housing is slumping at a time when job rolls and the U.S. GDP continue to grow, exports are rising, non-residential construction is up and - contrary to previous cycles--mortgage interest rates are low." Fishkind remarked that the low point in Florida occurred Q4 2006 and Q1 2007. The volume of new home closings is edging past the starts rate, thus helping to reduce inventory.

Exciting prediction! Barrier shares the same opinion - immigration continues, new starts continue, the demand is still there. As the inventory levels continue to slowly dissipate, building will continue. We want to capture the market share that is out there. He also references that non-residential construction is up...our commercial modular market has remained strong - growing throughout this housing slump. Here's to a slow but steady recovery!Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulative panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED,