I am a plumbing contractor, I am seeing a lot of new projects fall through in the past few months. A drywall contractor i know does about 180 houses a year, only has 10 bids out right now. What is everyone else seeing in their markets? Also, im always open to give plumbing advice for any frens that need it :)
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Homebuilder in Ontario Canada…new home sales have crashed and builders and developers are definitely canceling projects in my region. Next year will be very slow.
Is it due to inflation, loss of work?? I have friends in Ontario.
Seems to be mainly because of the interest rate hikes... people are nervous. Existing home sales have slowed down as well - lots of listings chasing fewer buyers, so prices have dropped about 15% on average.