Tuesday, July 27, 2010

Friday, July 16, 2010

Recap from THE MARKET EDGE

RECAP: THE GOOD NEWS CONTINUES FOR MOST MARKETS! THE TOTAL NUMBER OF BUILDING PERMITS ISSUED DURING Q2-2010 WAS GREATER THAN IN Q1-2010 AND/OR YTD 2010 TOTALS ARE GREATER THAN YTD 2009 TOTALS. (YTD = Q1+Q2). BUT, THE GENERAL CONSENSUS FROM OUR CUSTOMERS IN ALL MARKETS IS THAT MOST OF THE BUILDING PERMITS BEING ISSUED IN 2010 ARE FOR ENTRY LEVEL OR MOVE UP HOUSING. WHILE WE CERTAINLY THINK THIS IS TRUE, OUR DATA SHOWS THE FOLLOWING:

1) BUILDING PERMITS FOR "HIGH END" HOUSES HAVE BEEN STEADILY DECREASING SINCE THE PEAK IN 2006. FROM 2008 TO 2009 FOR EXAMPLE, THE NUMBER OF PERMITS ISSUED WITH VALUES OVER $300,000 DROPPED OVER 50% IN THE MARKETS WE COVER. FURTHER, FROM 2008 TO 2009, THE AVERAGE SQUARE FOOTAGE DROPPED FROM 2,944 TO 2,480 IN A RANDOM SAMPLE OF PERMITS FROM SC, NC, TN, AND KY.

2) CONVERSELY, THE AVERAGE PERMIT AMOUNT IS NOT FALLING. THIS SEEMS COUNTERINTUITIVE GIVEN THE DECREASE IN HIGH END PERMITS AND THE INCREASE IN LOW END CONDO PERMITS IN 2010. REGARDLESS, WHEN COMPARING YTD 2010 TO YTD 2009, THE AVERAGE PERMIT AMOUNT INCREASED SLIGHTLY IN MOST MARKETS. THE ONLY CONCLUSION I DERIVE FROM THIS IS THAT BUILDING MATERIAL COSTS HAVE SIMPLY INCREASED.

THESE FACTORS COMBINED WITH AN ACTUAL INCREASE IN THE NUMBER OF PERMITS MEANS DEMAND FOR COMMODITY PRODUCTS LIKE BLOCK, LUMBER, READY MIX CONCRETE, ETC SHOULD INCREASE IN THE MONTHS AHEAD. BUT, DEMAND FOR PRODUCTS TYPICALLY ASSOCIATED WITH "HIGH END" CONSTRUCTION LIKE BRICK, EXTERIOR STONE, GRANITE COUNTERTOPS, WILL CONTINUE TO BE WEAK.

2 OTHER ITEMS OF INTEREST (PERTAINING ONLY TO THE COUNTIES WHERE WE COMPILE PERMITS):

1) SUPPLY: THE OBVIOUS QUESTION IS "HAVE WE HIT BOTTOM YET?" IF THE POSITIVE TRENDS CONTINUE, THEN BUILDING PERMITS OFFICIALLY BOTTOMED OUT IN Q1-2009. THERE HAS BEEN A STEADY AND CONSISTENT INCREASE IN THE NUMBER OF BUILDING PERMITS (HOUSING SUPPLY) ISSUED SINCE THEN.

2) DEMAND: WE ARE PLEASED TO REPORT A STRONG IMPROVEMENT IN THE "E/P" RATIO FOR ALL COUNTIES WHERE WE PRODUCE AN IN DEPTH TREND REPORT. THE E/P (EMPLOYMENT / PERMIT) RATIO IS A GENERAL INDICATION OF HOUSING DEMAND. A RATIO OF 3/1 IS CONSIDERED A STRONG HOUSING MARKET. (3 NEW JOBS FOR EACH BUILDING PERMIT ISSUED). SOME COUNTIES REPORTED AN E/P RATIO OF 6 IN THE PEAK OF THE HOUSING FRENZY IN 2006. CONVERSELY, SOME COUNTIES HAVE BEEN AS LOW AS "-8" IN RECENT QUARTERS, WHICH IS TERRIBLE. THE INTERESTING NEWS IS THE E/P RATIO BOTTOMED OUT IN OCTOBER OF 2009 AND HAS SHOWN A DRAMATIC IMPROVEMENT FOR 3 CONSECUTIVE QUARTERS. BY DRAMATIC, I MEAN THE E/P RATIO IMPROVED FROM "NEGATIVE" TO "0". SO HOW LONG DOES IT TAKE TO FEEL THIS? THAT IS THE MILLION DOLLAR QUESTION. IF THE TREND CONTINUES, MOST MARKETS WILL HAVE A POSITIVE E/P RATIO BY THE END OF 2010. BUT, HISTORICAL MODELS THAT HAVE TRACKED THIS RATIO FOR THE LAST 30 YEARS, PREDICT IT TAKES 18 MONTHS AFTER THE "BOTTOM" FOR ACTUAL "SALES" TOTALS TO IMPROVE. BASED ON THIS MODEL, WE SHOULD BEGIN TO HAVE "SUSTAINABLE" SALES INCREASES IN APRIL OF 2011 (OCT 2009 + 18 MONTHS = APRIL 2011). LIKE EVERYONE ELSE THAT MAKES A LIVING IN THE HOUSING INDUSTRY, I CERTAINLY HOPE DEMAND IMPROVES BEFORE THEN.

INTERESTED IN BUILDING PERMIT TRENDS?
TO PREVIEW OR DOWNLOAD THE 06/30/10 EDITION OF OUR FREE "REGIONAL BUILDING PERMIT TREND REPORT", SIMPLY:
1) CLICK this link: www.themarketedge.com/Markets.as px (CUT AND PASTE THE LINK INTO YOUR BROWSER IF NEEDED)
2) CLICK THE "ICON" THAT LOOKS LIKE A MINI VERSION OF THE TREND REPORT.

IF YOU ARE RECEIVING THIS REPORT FOR THE FIRST TIME: The Regional Building Permit Trend Report is simply a map of the counties where we compile building permit data plus the corresponding residential building permit totals for each of those counties. This report is produced each calendar quarter and e-mailed FREE OF CHARGE to our customers, prospects, associates, various homebuilders, homebuilder associations and their members, code enforcement officers, planning agencies, and governmental officials.

FEEL FREE TO FORWARD TO THIS REPORT TO YOUR ASSOCIATES THAT HAVE AN INTEREST IN BUILDING PERMIT DATA.


If we can be of further assistance to you in any way, please feel free to call or correspond.

Dale Akins
President
The Market Edge, Inc.
10433 Hickory Path Way
Knoxville, TN 37922
800-357-3343 / Ext 226
dakins@themarketedge.com< /a>
www.themarketedge.com

* PROVIDING QUALITY LEADS SINCE 1993 *

Thursday, June 24, 2010

Consumer Reports Discusses New Lighting Facts Label


Starting in the middle of 2011 manufacturers must use a Lighting Facts label on light bulb packages.

Click Here for complete article from Consumer Reports.

Information includes:
Lumens
Yearly Energy Costs
Life of Lamp
Color Temperature
Energy Used

Tuesday, June 15, 2010

Monday, June 14, 2010

George Kovacs Bio

Thought this would be a great way to let people know exactly where George Kovacs came from, this link tells the whole story.

Click Here: George Kovacs



George Kovacs Contemporary Lighting New 2010 Product Halogen Xenon Introductions

2010 GEORGE KOVACS SUPPLEMENT

CLICK HERE TO SEE THE NEW CATALOG


Contents: Lots of 2010 new introductions & new families
Earring Ringlets Whisp Jewel Box Framed Squiggle Squared Counter Weights Bling Bling ADA Sconces Dreamie Genie Plain Needle Cubism Pillow Ditto Angle Convex

Friday, February 5, 2010

Minka Lavery - Italian Glass Trims

Minka Group Now Offering Italian Glass 6" & 4" Recessed Trims!!

Energize your home or office decor with the natural beauty of glass! The all new, original and patented Trim is the world's only all Italian glass trim and baffle. Minka Lavery finally solves the problem of plastic trims by offering trims with an upgraded look that only Italian glass can provide.



Effetre Trim comes in many different colors to meet any decor.

Effetre fits almost all 4" and 6" recessed fixtures and is perfect for new construction or for the do -it-yourselfer.

Installs in minutes no tools necessary!

UL listed and labeled insuring safe and trouble-free usage for years to come.

Add the warm glow of Twilight Trim to your ceiling and see why we say it's the crowning touch to your good taste!

Monday, January 18, 2010

Minka Lavery - Cecilia

La Cecilia

Glass is a spumante technique, a lighter version of Clarte glass, with more silver and a lighter lace pattern and ribbed details were kept subtle.

4 Step painted finish with richer edge toning, muted contrasting accent colors.



Minka Lavery - Compositions

Compositions Collection

Unfilled travertine stone - creating a more casual feel, natural occurring voids, hand mitered and joined construction.


Minka Lavery - Laguna Vista

Laguna Vista

Clean silhouette complements current conemporary furniture offerings.

Glass is a soft embossed architectural grid pattern. Frosted inside surface, heavy wall thickness to gain optic effect.

Minka Lavery - Clarte'

Clarte' Collection

Inspiration from French antique lanterns. Classic Gilbert Poillerat feel.

Unusual dimensional spumante glass technique, lace pattern is shaded more golden for effect.


Minka Lavery - Cimarron


Cimarron

Simple clean crafted look, transitional silhouette.

Glass is brushed caramel silk multi-step pain finish.

Minka Lavery - Harvard Court

Harvard Court

Clean transitional format with restoration detailing/finish.

High value given cast accents, double glass and styling.

Distinct double glass shades, T10 suggested for full illumination.



Minka Lavery - Atterbury


Atterbury Collection

Features wire detail on shades with rosette accent and beefier arm scaling.

Finish is a 4 step paint, with very restrained edge rub, reduced use of accent coloring and toning.

Glass has 4 step sophisticated brushed gold strand pattern for depth and detail, also the bath glass includes white inside for illumination.

Minka Lavery - Brompton

Brompton Collection

Simplified tried and true Minka Lavery formating...in the spirit of Belcaro & Illuminati

Glass is a "painted art glass" - new technique created to mimic art glass appearance but more consistent results, and no size restrictions. A silvery cream with a caramel edge toning.

5 step paint finish that gives dimension and texture. Subtle deep antiqued golden accent tones.

Minka Lavery - Grahmton

Grahmton Collection

Elongated horizontal transitional approach, unusual for Minka Lavery

Mixing a traditional dark Lathan Bronze, high end Eidolon Krystal Glass and Topaz glass.

Minka Lavery - Kinston

Kinston Family

Traditional basket chandelier silhouette follows architectural trend for very clean arms and shapes. A traditional/transitional crossover.

Features very thin 5mm arm materials, an industry first for narrow gage construction.

Glass is mottled topaz - an iridescent tan color, T10 lamping suggested for complete illumination.

Minka Lavery - Ansmith

Nicely detailed off-white linen shades, with unique arm support method. Fixture is paired with opal glass shades, mixing metaphors.

Minka Lavery - New Bath

Archcrest - Simple pairing of curves and squares.
Clairmont - Traditional restoration type detailing, multi faceted tapered shades.

Eclante' - Combined classic architectural styles with contemporary transitional trends

Falstone - Traditional restoration detailing deep relief bakplate 8 sided faceted shades

Fordyce - Oval tapered shades, restoration spun backplate

Hyllcastle - Unique ribbed glass with optic effect, restoration style detailing. Vertical or horizontal mount.

LaCota - Traditional bath group w/petite shades, open arm detail and cast ball accent.

Minka Lavery - Terzetto Family

Brand New Finish Terzetto Bronze
Effort to broaden Minka Lavery looks and scale, color and format.
Double glass shades - clear outer with mouth blown iridescent glaze, etched opal inner shade
GU10 center light to illuminate spheres

Metropolitan - Underscore

Newest Addition to the Walt Disney Signature Collection

  • Eclectic 17 piece collection
  • "Aquarium" style glass with a 4 step brushed caramel silk finish
  • Clean & transitional look, with deep dry rub bronze finish





Metropolitan - Line Extensions




Metropolitan - Castellina Family

Castellina is the marriage of past and future all in one family!
  • Traditional frame married to elongated glass shades
  • Transitional pentalongs mixed with traditional pear shaped crystals





Metropolitan - Lost Wax Casting Video

Watch the video and learn about the lost wax casting process. A great way to explain the Metropolitan difference.

PS - Give the video a few seconds to load....worth the wait.


George Kovacs - Track Pendants

George Kovacs - LED Introductions