In the latest survey of shed businesses, more companies experienced an increase in new orders compared to the previous month. This is a positive indicator as the selling season begins to wind down in some regions of the country.
However, when comparing year over year results, fewer companies were as optimistic. All response categories showed a lower net effect on the level of new orders year over year.
A decrease in backlog of existing orders shows the largest percentage point swing in any prior survey. This is most likely due to seasonal adjustments as unit sales fall off around this time of the year. Or is this a prediction of what might be coming?
Other key takeaways:
- Reductions in employment level appear to be a growing consideration at many shed shops.
- Material costs are driving the price of sheds higher.
- The level of finished buildings in inventory remains constant.
How do you see it? Let us know by sending an email to marty@shedbuildermag.com
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New Orders (Month-To-Month)
August October %
Increased 24% 40% +16% Decreased 39% 40% +1% Stayed the Same 36% 20% -16%
New Orders (Year-Over-Year)
August October %
Increased 36% 27% -9% Decreased 48% 53% +5% Stayed the Same 15% 20% +5%
Backlog of Existing Orders
August October %
Increased 21% 27% +6% Decreased 42% 53% +11% Stayed the Same 36% 20% -16%
Employment
August October %
Increased 24% 20% -4% Decreased 12% 33% +21% Stayed the Same 64% 47% -17%
Shed Prices affected by Material Costs (Month-to-Month)
August October %
Increased 24% 30% +6% Decreased 0% 0% 0% Stayed the Same 76% 70% -6%
Buildings Inventory
August October %
Increased 30% 33% +3% Decreased 33% 33% – % Stayed the Same 36% 33% -3%
