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What is your business outlook for the spring and summer building season?

District Voices

Published March 1, 2002  |  March 2002 issue

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This is our third year in business, and we're ahead of last year at this point by a long shot-not because of the economy but because we're known in the community. We build modular homes. ... We built 19 homes last year and we're looking to build 20 to 25 this year. If the interest rates stay and the economy starts to turn, it should be a go. Our business is almost helped by the slow economy because when people are looking for new housing they want quality but don't want to spend a fortune. Ours are like any other residential home, but cheaper because they're built efficiently in a factory.
Doug Quenzer, Co-owner
Hearth of the North, LLC—Siren, Wisconsin

I think we're planning on a year similar to 2000 and 2001, and that's largely fueled by interest rates. They've propelled the housing market forward. If the unemployment rate increases, that affects consumer confidence. There are factors making [the market] not as good as it could be, but it's better than average-good, but not excellent. There's a limited supply of land positions in the Twin Cities. We've got a good share of land. It comes down to interest rates, consumer confidence and job growth.
Todd Stutz, President
Rottlund Homes of Minnesota—Roseville, Minnesota

Right now the Upper Peninsula is ahead of what we budgeted them to do. As far as sales, [the company] is off to a good year. I could safely say they are going to have a good half of the year. They build primarily ag and suburban buildings and some residential. It looks like a slightly better year than last.
Michelle Reinke, Advertising Coordinator
Cleary Building Corp.—Escanaba, Michigan

Business looks very good for 2002, better than last summer and better than average. We build custom homes and buildings. I already have bookings for this year and I haven't had that before, this early, in my 16 years of business. It seems like this area is recession proof. There's a downturn in skiers but it's secure in home building. I feel very secure in the next five years. There's a lot to do. Thumbs up.
J.C. Knaub, Owner
Andesite Construction—Big Sky, Montana

It's up and down with the economy, but there are several projects coming up this year for the city. It looks better than last year. We're going to be bidding on double the project volume as last year. It's a good amount [of work]. We can't handle much more. The way the interest rates are down, it'll help with the commercial buildings. Lots of people are buying and remodeling because the price is right. We handle commercial construction, remodeling and some homes.
Don Nordling, Owner
Nordling Construction Co.—Aberdeen, South Dakota

This year is looking very favorable. I tend to believe it's due to low interest rates and the election year. People wait to see what the new president is going to come forth with, and they sit back and wait for the dust to settle. It's followed that trend since we've been in business [16 years]. Our outlook is for higher sales and it's nothing but positive from now into next year. It's not a surprise. We're going to be back on our average from last year, or above.
Sandy Wiedenmeyer, Accounting Manager and Treasurer
Capital City Construction Inc.—Bismarck, North Dakota

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