How’s the Housing Market? Ask Your Car Dealer

March 5, 2014 at 9:55 pm Leave a comment

This is interesting:

If you want to take the temperature of the housing industry, the best place to go could be a car dealership.

Yes, you read that right. There is a strong correlation between the real estate market and auto sales – particularly when it comes to the most iconic American vehicle of all, the pickup truck.

Analysts at TD Economics forecast that trucks will be the “standout” light vehicle for the next two years after sales jumped 12 percent in 2013. That’s because pickups are the workhorse of the construction industry: As home building activity picks up, construction companies hire more people. Workers then buy trucks to get the job done.

As for the weak housing market in 1Q14? Analysts blame the terrible winter and expect housing construction – and pickup truck sales – to ratchet up once spring blooms. With our luck that will be some time in June.

Advertisements

Entry filed under: Economy, Housing Trends. Tags: , , , .

Increased Competition, Cost of Turns Good Reasons to Focus on Renewals Public Health Officials Push Smoke Free Policies for Apartments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

March 2014
S M T W T F S
« Feb   Apr »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Most Recent Posts


%d bloggers like this: