eddarr wrote in post #6707846
Jim I picked up that you are in construction in Calgary. How's the business going up there. It really stinks down here.
My company is only doing one custom home right now, with no more on the books until next year. Fortunately renovations is our main focus, and we are extremely busy with that, and have at least 6 months work lined up. New production housing has slumped huge though, I am getting lots of calls from framing crews out of work. Even workers doing finish type work are running out of projects, which will only help us with our production. While we are feeling the recession from south of the border at bit, one of the biggest contributors here is that the city overbuilt homes with 10's pf 1000's of condos/apartments/starter homes coming on line in the past year and flooding the market.
Some of the larger projects are feeling the crunch to, mainly because the folks who finance these multi-million/billion dollar projects are not doing so as willingly until things turn around.
I am sitting on a spec home myself and can't sell it right now, not for what it should be worth anyway.