M onthly indicators
Office construction spending
Annual rate in billions of
65
60
55
50
remained boisterous in 2008: Construction rose by double digits for the
third consecutive year, advancing 12
percent to $72.7 billion. During the
two previous years, construction had
climbed 18 percent in 2006 and 19%
in 2007. Under normal conditions
(where supply and demand are fairly
balanced), these increases would suggest the office furniture market would
remain very strong in 2009.
Vacancy rates rise
But this year’s conditions are anything but normal. In fact, we saw a dramatic decline in jobs during 2008 and
that has created a significant imbalance between the supply and demand
for office space. In 2008, the economy
suddenly shed 3.0 million jobs, many
of them in office-using industries.
In January 2009, the economy lost
continued
45
‘07D J FMAM J J A SOND‘08
Summary
December 2008 56.2
change since
November 2008 - 2.7%
December 2007 +0.2%
Source: Commerce Dept. and FDM market research
Hardwood prices
Units: 1982 = 100
190
188
186
184
182
180
178
176
‘07D J FMAM J J A S OND‘08
Summary
December 2008 177.4
change since
November 2008 - 1.9%
December 2007 - 7.0%
Source: Commerce Dept. and FDM market research
Retail construction spending
Annual rate in billions of
90
At solid wood
systems we deliver
A full rAnge of
cnc solutions for
chAirs, cAsegoods
And millwork
production
•Ideal for
one-piece
complex
parts
•Large bed capacity
•Two 6-position tool changer
•Multiple head
configurations
Fast and efficient—
a twin hopper 5-axis
CNC machining center
for chair and casegoods
components
• A CNC machining
solution with fully
digital control and
drives by NUM
• Shapes at feed speeds
up to 48 feet per
minute
• Can round-end shape
both ends of your
work piece
• User friendly—easily
programmable—
menu driven
• Unique sliding base
opening with tilt up
heads.
• No templates required
85
80
75
‘07D J FMAM J J A SOND‘08
Summary
December 2008 75.5
change since
November 2008 - 1.2%
December 2007 - 11.3%
Source: Commerce Dept. and FDM market research
For the latest
inFormation on our
Quality lines oF
phone: 336-884-0700
solid Wood Processing fax: 336-887-6650
machinery and systems... e-mail: swsmachine@aol.com
contact us today.
www.solidwoodsystems.com
