I am back from the International Builders Show in Las Vegas.
The overall tone of the show was somber, at best. There seemed to be plenty of people walking the aisles of the show itself, but the NAHB folks said the expected attendance was only half of the close to 100,000 who participated last year. The common theme among the seminars offered was what you might expect: We all need to hang in there until things get better.
When will they get better? Nobody seems to know, but the conventional wisdom is later this year. There were plenty of whispers about the other banking shoe having yet to drop this year, with more losses coming down the pike. It seems almost inconcievable that the banking industry still has more pain to inflict on the rest of us, but then again so much of what happened in 2008 seemed so inconceivable, doesn't it.
Somebody once said "best way to predict the future is to make it happen." LIBI embraces that philosophy and will do everything it can to make a better future happen for Long Island builders. Stay tuned for new plans to be announced in the near future.
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