The electrical industry's near-term fortunes are influenced by trends in the wider economy. Here's where we gather some of the most relevant economic data pointing to the direction ahead, including industrial purchasing, housing and nonresidential construction, rig counts and a whole lot more.
NAHB thinks residential market growth will continue and is calling for solid 2014 increases in total housing starts (+25%); single-family starts (+31%); and multi-family starts (+10%). That's nothing but good news for the electrical wholesaling...
Historically, this region has some of the nation’s fastest-growing housing markets in Denver, Las Vegas and Phoenix, but this year none of these cities logged building permit at a pace much over the national average of +24% for single-family...
New England is growing nicely, led by commercial construction in the Boston market.
Construction employment growth at 16% is second only to Los Angeles.
Overall, the region's electrical sales should grow 6.5% in 2014.
A big tire plant in Mississippi is the largest project in the region.
Unemployment is higher than the national average.
Mississippi added 6,300 new construction jobs through the first eight months of 2013.