As a result of too much good material and not enough space, here is a collection of semi-random notes from the International Builders’ Show in Orlando, Fla.
• Question: Does anybody really pay $99 a day for Internet connection — the asking price at the convention center?
• I told my cab driver what I was doing in Orlando.
“That’s funny,” he said.
“Because I must have taken a dozen people to and from the Builders’ Show, and I haven’t met an actual builder yet.”
There are two kinds of work, I explained to the driver, paraphrasing philosopher/mathematician Bertrand Russell. The first is moving and building heavy objects at or near the surface of the earth. The second is telling other people to do so. The first is hard work. The second is much more pleasant. (Now that’s a tip.)
• The builders I spoke to in Orlando had a near unanimous response to the stock question: “How’s business?” By far the most common was: “We’re doing well.” The emphasis was always on “we’re,” with the insinuation that competitors couldn’t claim the same. The worst report I heard was, “We’re doing OK.”
I explained the findings of my unscientific survey to a builder from Pittsburgh who promptly shredded my experiment as biased and flawed. “All the builders here in Orlando are doing well,” he said. “The ones who aren’t, well they’re back home trying to figure out how to stay in business.”
But maybe there’s another interpretation. The builder who recognizes the value of the kind of networking and education available at events like the International Builders’ Show are the kinds of builders who are going to be in good shape.
Just a thought.
• Credit to NAHB chief economist David Crowe for doing something extraordinary and refreshing. Before delivering his forecast for 2011, he revealed to the audience his forecast for 2010, which was off by a long shot (but closer to reality, he pointed out, than other forecasts). Bravo! Disclosure of past forecasting accuracy (or inaccuracy) is too often neglected. This should be standard operating procedure for all economists standing at a podium and talking about the future.
• Best description of pent-up demand, social trends and