503-785-3485
bill@conerlyconsulting.com
  • Facebook
  • Twitter
  • Linkedin
Conerly Consulting Conerly Consulting
  • Consulting
    • Approach/Philosophy
    • Sounding Board
    • Economics and Business Strategy
    • Assessment
    • Case Studies
    • Testimonials
  • Speaking
    • The Package
    • Topics
    • Testimonials
  • Writing
    • Businomics Newsletter
    • Businomics
    • The Flexible Stance
    • Blog
  • Industries
    • Banking/Finance
    • Manufacturing
    • Other Industries
  • Video
    • Speaking
    • Event Promotion
    • Business Planning
  • About
    • News Coverage
  • Contact
  • Consulting
    • Approach/Philosophy
    • Sounding Board
    • Economics and Business Strategy
    • Assessment
    • Case Studies
    • Testimonials
  • Speaking
    • The Package
    • Topics
    • Testimonials
  • Writing
    • Businomics Newsletter
    • Businomics
    • The Flexible Stance
    • Blog
  • Industries
    • Banking/Finance
    • Manufacturing
    • Other Industries
  • Video
    • Speaking
    • Event Promotion
    • Business Planning
  • About
    • News Coverage
  • Contact
  • Home
  • Economy
  • Housing Collapsing

Economy

19 Sep 2006

Housing Collapsing

  • By Bill Conerly
  • In Economy

Wow!  New housing construction is really collapsing.
House

The August figures for starts and permits are not record lows, but the drop in the past six months is unusually steep, measuring down 21.9%.  Have we seen such a drop before?  Sure, during the 1990-91 recession.  Before that, for one isolated period in 1984.  Prior to that, the 1980 and the 1981 recessions, and the lead-up in 1979.  Then there was the 1973-95 recession, and in 1969, just before the 1970 recession.  And the 1960 recession.  The only non-recession drops of this magnitude occurred during the 1966 credit crunch, when the thrift industry had no money to lend to homebuyers at any interest rate.

Does this mean we’re entering a recession?  I think not, because this time round, housing seems to be unusually disconnected from the rest of the economy.  But two points are clear:  the housing sector is entering its own recession, and the entire economy is at risk.

Business Strategy Implications: Outside of housing construction, do your contingency planning.  Inside of housing construction, hunker down for a long, tough decline in activity.

  • Share:
Bill Conerly

Search

Sign Up For Our Newsletter!

View Latest Issue

RSS Bill’s Forbes Articles

  • The Labor Market Is Tight Despite High Unemployment February 19, 2021
    Finding workers is hard despite the high unemployment rate, because many jobless folks don't match the skills needed, don't want to shift occupations or prefer to collect unemployment. Business focus on retention should be top priority.

Testimonials

You are a master at your craft and a favorite of our audience.
Jim Parker, UBS Financial Services
Dr. Bill Conerly opened our Ace Hardware Platinum Retailer Conference by helping our independent small business owners understand the current state of the economy in a straight forward and humorous manner that connected very well with the retailers I spoke with. Dr. Conerly provided information our retailers can use to lead their businesses. He connected with the audience and made a complicated topic understandable.
Mike Berschauer, Ace Hardware Corp
We asked Bill Conerly to look at one of the major factors limiting the growth of our business. He pulled together data from a wide range of sources, as well as his own extensive business knowledge, to give us an insight into when conditions would improve and how we could be ready to capitalize on better times. He did so in a straight forward, easy to understand manner. A year later it was clear that things had evolved just as he had forecast. Ever since then he’s been my go-to guy on how the e…
Len Ludwig, former CEO, Vencore Capital LLC
Bill Conerly is one of the most interesting and engaging speakers I have ever heard. The fact that he is a very funny man is a bonus.
James A. Kronenberg, Oregon Medical Association
Bill’s presentation was neatly balanced…rich with content.. and our audience really enjoyed his humor.
Bing Sheldon, SERA Architects
Our audience of local business and community leaders not only valued the economic data you provided, but they really appreciated that you made it applicable to their businesses, their personal lives and moreover – that you presented it in a clear and entertaining manner.
Scott Boyer, Mountain Pacific Bank
Bill did a great job. We look forward to a continuing relationship.
John Hamburger, Franchise Times
AgFirst Farm Credit Bank has benefitted from Bill Conerly’s unique insights and perspectives several times over the past five years…his materials consistently cover the points that we agree on…he has been very well-received by our groups, and we look forward to having Bill with us again in the future.
Ronnie Hucks, AgFirst Farm Credit, Columbia
Seems no matter where I go, I hear you talking – and always doing a great job with different material well tailored to the audience. Very impressive!
Alan Shiffer, World Vision
Your talk and its message stuck with people.
David Crowell, after presentation to National Rural Electrical Cooperative Association

Get in touch

(503) 785-3485

bill@conerlyconsulting.com

PO Box 2188
Lake Oswego, OR 97035

Useful Links

  • Consulting
  • Speaking
  • Videos
  • Blog
  • Press
  • Contact

Social Links

  • Facebook
  • Twitter
  • Linkedin

Newsletters

Copyright 2020 Conerly Consulting LLC