Zeev's Turnips Patch-No Politics (ZEEV)

[Hard 10]

Hi Mish
Some jobs will be created because of the falling buck
how many?
I don't have a clue

Even if new housing slows only 15% that will be 15% fewer workers needed in every phase of construction. Plumbers, electical, carpentry, etc etc etc.
I hesitate to answer this part because the housing market is so regionalized and also I am a custom home/remodeler builder
But in my area (which I consider booming) housing prices have rose 6% for each of the last to years
If my sales fell 15% I would not lay anybody off for the simple fact I can't hire the people I need now. Their just are not qualified craftsmen available. I would last a couple of years before layoffs would happen do to backlog
But I am a "mom and pop" type builder
Perry