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Harry Potter's Magic Can't Save The Home Building Industry...Or Florist's Stock In Landscaping And Bedding PlantsCopyright © 2006-2008 Wesley Berry, AAFIn fictional wizard Harry Potter's world it's possible to magic up almost anything-a tent that's ten times the size inside as it appears from the outside, a home where dishes do themselves and potatoes are peeled by an unmanned knife, and schools with staircases that move all on their own. But, it would seem that turning around the slump in the housing market would take some magic even more powerful than the boy wizard's. The National Association of Home Builders (NAHB) expects the number of buyers interested in purchasing newly built homes to drop sharply. In fact, in numbers released by NAHB, the confidence of homebuilders took such a dive that it hit a 15-year low. Coinciding with the confidence drop was a seven-point drop in the NAHB/Wells Fargo housing market index. These significant falls in numbers points to the fact that most builders view the current housing market as a poor one. According to NAHB, the index peaked at 72 in June of 2005, which makes the current 32-point index look pretty meager. In fact, NAHB has watched the index drop steadily every month since the 2005 high. "It's the fastest decline in the 21-year history of the index, which has had a fairly good record of predicting the number of new homes started," says NAHB. The reason for the index's drop, says NAHB's chief economic analyst David Seiders, is that more people are canceling orders for newly built homes while more and more new and existing homes become available. Seiders says, "These factors are largely the result of an increasing number of potential buyers adopting a 'wait and see' attitude because of uncertainty about where the housing market is headed." What does all this mean for florists and their customers? Well, for those florists who stocked up on bedding plants and other landscaping items, it means they'll have a more difficult time selling their goods because of a drop in demand. While that's not great news for florists, it may turn out to be fantastic news for customers as florists lower prices to reduce inventory. Let's face it, bedding plants and bushes can only live so long in containers, so they must be sold and planted within a certain time period to ensure quality. As a result, it's likely we'll see some really good sales popping up in the months to come. So, though there's no Harry Potter like magic in the housing industry, there just may be some sales that seem like magic coming up for floral customers interested in adding a little color and spark to their landscaping plans. About The Author:
*** Digital Reprint Rights *** *** Author Notification *** We ask that you notify the author of publication of his or her work. Wesley Berry, AAF can be reached at: wes@wesleyberryflowers.com *** Print Publication Reprint Rights *** If you desire to publish this article in a PRINT publication, you must contact the author directly for Print Permission at: wes@wesleyberryflowers.com
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