Anybody Buying Yet? Where’s the Bottom?

[Nick87]

This article confirms what I have been saying for the last year. The construction economy is a bellwhether or canary in the coal mine for the rest of the economy particularly in the mountain west. There are odd variances like high end custom homes but overall I am seeing the market retract to people working for wages to keep crew busy rather than manage bigger profit margins.

AI Data-Center Construction Is Booming—but Not Much Else Is — The Wall Street Journal

Spending on new factories, warehouses and other industrial sites is damped by rising costs

apple.news

Record numbers of man hours are companies keeping crews busy?

 

[Goodfish]

Record numbers of man hours are companies keeping crews busy?

Big difference between man hours and profit. Data centers are getting all the attention including bidding wars for craft and after turnover maintenance staff. The rest of the market appears to be going for cost. We have contractors from Denver and the Midwest moving into Montana trying to find market share because their markets have dropped off.

 

[Goodfish]

Big difference between man hours and profit. Data centers are getting all the attention including bidding wars for craft and after turnover maintenance staff. The rest of the market appears to be going for cost. We have contractors from Denver and the Midwest moving into Montana trying to find market share because their markets have dropped off.

And the big difference is we are trying to keep around 100 craft working but without the profit I don’t have a job for long!

 

[Nick87]

And the big difference is we are trying to keep around 100 craft working but without the profit I don’t have a job for long!

I don't disagree that the price of things has to have an effect here at some point. I haven't personally seen it yet. Hoping for all of our sakes it's a soft landing of sorts. With the price of everything and people already being stretched pretty thin,I can't imagine what the effects of a hard landing would be right now.