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Practical ontology in real estate? Who ever heard of such a thing?

NewHomeBuildingInPhoenix

From KJZZ Radio in Phoenix, The Way of the Bloodhound:

‘“From now on whenever you’re driving on the freeway look for a truss,” Swann said, referring to a roof truss on the back of a truck. “And when you start to see a truss every day, then things have turned around. If you see three trusses a day, then things have really turned around. But if you can go five days without seeing a truss on the freeway, then no one is building anything.”’

The linked story is from Peter O’Dowd, a journalist for whom I have huge respect — not alone because he listens when I talk about bug’s-eye-view real estate.

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  • 4 comments

    4 Comments so far

    1. Thomas Johnson June 15th, 2013 3:05 pm

      In Houston for the past 30 years I have looked for pipe, flatbeds with drill pipe. When you see the dirty pipe in motion, it means the pipe is in transit from a wellhead to a rework machine shop for maintenance before its next assignment. It is a handy snapshot.

    2. Richard Stabile June 24th, 2013 7:20 pm

      In New Jersey, they are doing a lot of basic road work and some bridges. Our infrastruture is pretty rough.
      When you see alot of dump trucks on the road things are going.

    3. Dylan Darling June 27th, 2013 7:58 am

      In Bend OR we don’t need to look for a truss,pipe, or dump truck, it’s hard not to drive a few blocks without seeing a new home being built (and usually pending sale already. We didn’t even see any real signs, it just happened overnight. It’s astonishing how quick our market turned around.

    4. Matt Eichmann July 1st, 2013 4:05 pm

      Here it is earth moving equipment. I live in an area that is still being built out, and stopped in the middle when the economy took a turn. When I see grading equipment, I know more new homes are going in.