The U.S. Housing Market: Three (More) Reasons Real Estate Isn’t Rebounding
August 04, 2009 at 08:35 AM EDT
If ever an off-the-wall indicator existed to predict the fate of the U.S. housing market, I found it… You see, business is booming in one particular niche of the real estate industry – shrink-wrap. That’s right. Contractors and developers are wrapping mothballed building projects in plastic, literally – from single-family homes to 25,000 square foot commercial properties. The beneficiary? Privately-held Fast Wrap – a leader in shrink-wrap protection and weatherization. Traditionally its products are used to protect lawn furniture, cars, boats, motor homes or industrial vehicles from the elements. But now, the bulk of its new business comes from the real estate…