Is the economy really that bad???

Short answer, No.
I work in a tool and die shop (machine shop building molds), we were a little slow back in the spring and early summer. Now however we have sooo much to do we had to send it out to other shops and turn some away. It's crazy, and we are booked out at least to March.
 
I'm in steel. New construction involved in everything from .gov jobs to apartments and hotels, with everything in between. We were busy all through summer. Now people are holding their money until after first of the year. We always get slow around the election, this year seems no different.

I'd say that the economy is doing just fine, for now.
 
JSJJ388 said:
I'm in steel. New construction involved in everything from .gov jobs to apartments and hotels, with everything in between.
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All that FY20 money that wasn't spent in teh spring/early summer but had to be obligated for exppense by Sept 30... rubber band effect
 
ramjo said:
Houses are selling for WAY more than they are worth around me....
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Here also and alot of times in just a day or two and at asking price.
 
We got down first of the year before corona took over due to DOT's budget issues. Had to let go a few operators. Funding came back, hired some and then corona hit. Back down to lower staffing levels. However, I485 Express lane construction is ongoing and Monroe expressway traffic is only down around 10% from last year and is steadily increasing.

I've been as busy as I have ever been. Only difference is work location, I've been home since February and probably won't go back till next year(if I ever go back)
 
From a transportation stand point with the plant I service things are steady but not balls to the wall. I have steady freight in but inconsistent freight out. When Covid hit it was crazy. All these trucks hauling stuff for the places on shutdown all of a sudden needed freight. Rates dropped bad. $500 lanes were $300 etc. As things opened back up the trucks got busy again and rates stabilized. I always see a drop in the August/Sept and into Oct almost like clockwork every year. I think area's like NC have been kind of immune to the economy of the rest of the country. Like said some areas are rocking while others are struggling.
 
Construction hasn't really slowed other than just recently as stated above Election year always slows also winter will slow a bit too. I've typically seen, at least Charlotte tends to be the last to go into a recession and come out of the recession first compared to many other cities across the US. Multi family Housing continues to grow and housing availability is low. I've only been in construction 15yrs but I've never seen multi family go up like it is.
 
No fries said:
Construction hasn't really slowed other than just recently as stated above Election year always slows also winter will slow a bit too. I've typically seen, at least Charlotte tends to be the last to go into a recession and come out of the recession first compared to many other cities across the US. Multi family Housing continues to grow and housing availability is low. I've only been in construction 15yrs but I've never seen multi family go up like it is.
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We are building town houses right now on golf courses and they are selling like crazy at 1/2 mil for 1800SF [emoji33][emoji33]


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