I had an interesting conversation recently with the national sales manager of US nail plate manufacturer. Nailplates are the little things that hold timber together for roof, floor and wall structures.
Sales have dropped 70% in Florida over the last 12 months. New equipment for the roof truss industry in the southern "sun" belt have also dropped considerably. Track housing on the west coast have also slowed in a significant way.
The lack of sales had been noticed before the whole "low doc" issue raised it's head in the US...It will be interesting to see the sales results for next couple of quarters.