The 2019 Southwest Builders Show
The Home Builders Association of Central Arizona (HBACA) invited the valley’s home building community to celebrate all that is great about residential construction. The verity of new products, features and services that keep new homes on the cutting edge of design, energy efficiency and technology is impressive.
In addition to the exhibit hall, the show had events taking place throughout the day. Among these were the Purchasing Agents, Suppliers & Subcontractors (P.A.S.S.) Breakfast. An exclusive business development event for HBACA members. After that, was the HBACA’s biggest speaker program of the year; the annual forecast luncheon.
The 2019 Southwest Builders Show is Arizona’s largest business-to-business expo for the home building community. It is the perfect place to build professional relationships, see new products and services. Also to hear the forecast for the housing market. As the only expo sponsored by the HBACA this is a must attend event for all industry professionals!
The annual forecast luncheon was the highlight of the event showcasing the upcoming year housing market outlook.
A dip in the unemployment rate with more jobs on the horizon. Furthermore, things are looking up for 2020, with no recession in sight.
In Addition, Arizona is currently ranked 3rd in the non-farm job creation for the 1st half of 2019.
U.S. expansion longest on record (124 months) as of October 2019
the labor market is strong, wages are rising, inflation is moderate, unemployment dipped to 50 year low.
“No recession in sight” – but economy is slowing and inverted yield curve signals caution for 2020
Above all, Arizona is among the leading states for job gains and population growth. The main risk to Arizona is U.S. economy and possible policy mistake.