Housing report: Concrete sales moribund despite recovery talk
November 12th, 2009Bernard Hickey delivers another housing report, including a look at why readymix concrete sales have yet to rebound much after a big fall over the last 18 months. Here is an interactive chart on readymix concrete sales.
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November 12th, 2009 at 7:37 pm
When the concrete and clay beneath my feet begins to crumble…in the SHAKY ISLES.
November 12th, 2009 at 7:41 pm
It’s not just concrete – the carpet sales are hit hard too!
The recession hit the residential carpet market quickly and severely and sales are expected to remain flat, Cavalier Carpets said today
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10608844
November 12th, 2009 at 10:07 pm
Agreed BH. The recovery remains fragile, expect RBNZ to keep interest rates low much longer than anyone (especially the wholesale market) expects.
December 2nd, 2009 at 3:09 pm
Loved the review you have written here. Is there anything else to say on this subject?