WSJ: "As Homes Go, So Do Pickups"
by Bill McBride on 7/22/2012 08:34:00 PM
As residential investment increases, there will be positive spillover effects ... usually it is "As housing goes, so goes the economy!"
From Mike Ramsey at the WSJ: As Homes Go, So Do Pickups (ht Joe)
From Mike Ramsey at the WSJ: As Homes Go, So Do Pickups (ht Joe)
[I]n the past few months, more lots have been cleared for construction and [Hardwood's] phone has been ringing more frequently. So in June he went out and bought a new Chevrolet 2500 diesel truck with a backup camera and a hands-free Bluetooth phone link.
"There is a lot more steady and consistent work," said the 30-year-old Mr. Harwood, whose company Broadleaf Landscape, in Damascus, Md., does a lot of work at new homes. "I was more comfortable with buying a new truck at this point in time because of the market change."
...
In the first half of this year, sales of full-size pickups made by the Detroit Three increased 13%, to 707,175 vehicles.
Read more at http://www.calculatedriskblog.com/#D0rlFbpKFf67hQDB.99
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