market - plumbing manufacturers international · 2019-11-25 ·...
TRANSCRIPT
GMP Research Inc. | 2999 River Vista Way | Mount Pleasant, SC 29466 | 843-‐884-‐9567 |www.gmpreseasrch.com 1
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Market Opportunities
Be significant in defining, targeMng and implemenMng strategies that deliver impact
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outline
US Construction Markets US Remodeling Making an Impact
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GMP Research Inc. | 2999 River Vista Way | Mount Pleasant, SC 29466 | 843-‐884-‐9567 |www.gmpreseasrch.com
GMP Research
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market opportunities competitive intelligence mergers & acquisitions
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GMP Research Inc. | 2999 River Vista Way | Mount Pleasant, SC 29466 | 843-‐884-‐9567 |www.gmpreseasrch.com 4
The Gross Domestic Product (GDP) in the United States expanded at an annual rate of 4.10 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis. From 1947 until 2013, the United States GDP Growth Rate averaged 3.2 Percent reaching an all time high of 17.2 Percent in March of 1950 and a record low of -10.4 percent in March of 1958.
GDP – on a roll or rolling over?
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Key Economic Indicators
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The inflation rate in the United States was recorded at 1.50 percent in December of 2013. Inflation Rate in the United States averaged 3.34 Percent from 1914 until 2013, reaching an all time high of 23.70 Percent in June of 1920 and a record low of -15.80 percent in June of 1921.
Inflation – in check … for now
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Housing … the new
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2016 2059E
2015 1122E
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The new construction market overcorrected by about 1 full year of demand, resulting in a shortage of homes. Consequently, the inventory of existing homes has been depleting since its peak in 2010 and now stands at approx. 4.2 months of supply. This low inventory will fuel a strong increase in new construction.
supply < demand
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65%
1.230 million homes
10 months
inventory
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Florida 308,860 Ohio 69,576 California 102,431 New Jersey 55,131 Illinois 96,069 Georgia 46,332 New York 80,762 Michigan 40,357
65%of all foreclosures
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USA remodeled Harvard Joint Studies for Housing Remodeling Index (LIRA) indicating a strong growth in remodeling market
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STRONG growth
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Hanley Wood’s MetroStudy = strong growth surpassing pre-recession heights
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Consumer confidence – soon new high?
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2006 Consumer Confidence in the United States averaged 71.0 from 2008 until 2014, reaching an all
time high of 85.1 in July of 2013 and a record low of 55.3 in November of 2008.
• How consumers view prospects for their own financial situation • How they view prospects for the general economy over the near term
• How they view of prospects for the economy over the long term
Close to all Mme high
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Above 50 indicates an expanding market
Business Confidence in the United States decreased to 57 percent in December of 2013 from 57.30 percent in November. Business Confidence in the United States averaged 52.75 Percent from 1948 until 2013, reaching an all time high of 77.50 Percent in July of 1950 and a record low of 29.40 Percent in May of 1980. Survey responses reflect the change, if any, in the current month compared to the previous month for New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices. A PMI™ reading above 50 percent indicates the manufacturing economy is expanding; below 50 percent indicates it is declining.
Business Confidence
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Regional Economics
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Where it’s Hot and Where it’s Not
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Kitchen Remodeling
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1. Las Vegas 2. Albuquerque 3. San Francisco 4. New York 5. San Diego 6. St. Louis 7. Miami 8. New York 9. Philadelphia 10. Portland, ME
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Bathroom Remodeling 1. San Francisco 2. BalMmore 3. Las Vegas 4. Wichita 5. San Diego 6. Indianapolis 7. New York 8. Boston 9. Bridgeport 10. CincinnaM
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IMPACT
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Household Income
Charleston
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CHARLESTON 726 Households
Median Home Value > $ 1 Million Median Income: $ 111,250 ! $ 200,000 K 29% $ 150K - $ 199.9K 13% $ 100K - $ 149.9K 11% $ 75K - $ 99.9K 12% < $ 75K 35%
51% of homes have mortgages consuming < 30% of income
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Avg. Kitchen = $ 22,500 Avg. Bathroom = $ 12,705
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Kitchens of the South
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Market Opportunity Analysis
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Bathrooms of Charleston
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