1 / 24

Stuart Henry Principle Aqua Global Consultants LLC Indiana, USA

Stuart Henry Principle Aqua Global Consultants LLC Indiana, USA. A STREET LEVEL VIEW OF THE USA. Plumbing Supply Forum Sydney, Australia Tuesday, 29 May 2012. Greater Lafayette Demographic. Population. Lafayette 67,140

lynn-holman
Download Presentation

Stuart Henry Principle Aqua Global Consultants LLC Indiana, USA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Stuart Henry Principle Aqua Global Consultants LLC Indiana, USA A STREET LEVEL VIEW OF THE USA Plumbing Supply Forum Sydney, Australia Tuesday, 29 May 2012

  2. Greater Lafayette Demographic Population Lafayette 67,140 West Lafayette 29,596 Tippecanoe County 172,780 Tippecanoe labor force 81,595

  3. Lafayette Industry (Amounts represent number of employees) Wabash National 4,300 Subaru of Indiana 3,550 Caterpillar Large Engine Centre 1,800 Fairfield Manufacturing 1,200

  4. Purdue University West Lafayette Campus • 39,637students • Including 7,934 international students • 15, 376 staff and lecturers • Spends approximately US $420 million pa on R&D • 2010 – 2011 received 98global patents • Economic impact on Indiana – US $42 billion annually

  5. The Mid – West12 States Total population 66,927,001

  6. Mid West Economy • Manufacturing • Food Processing • Agriculture • Logistics • Industrial and Agricultural Biotech Main Contributing Sectors

  7. The Mid West Represents: • 25% of the US economy • 25% of the population • Home to 25% of Fortune 500 companies • The world’s 5th largest economy

  8. DEMOGRAPHIC PROFILE (July 2011 est.)

  9. Australian GDP

  10. US GDP

  11. Annual Average Earnings • USA 2010: US $41,673.00 pa 2.36% higher than 2009 • Australia 2010/2011: AUD $66,690.004.2% higher than 2009/2010

  12. Homeownership Drives the U.S. Economy • The nation’s housing and homeownership policies over the last century have contributed to the growth of the middle class and the United States economy • 15% of the U.S. economy relies on housing and nothing packs a bigger local economic impact than home building. • Constructing 100 new homes creates more than 300 full-time jobs, $23.1 million in wage and business incomeand $8.9 million in federal, state and local tax revenue. • A healthy housing industry means more jobs and a stronger economy. Home building increases the property tax base that supports local schools and communities

  13. Housing Continues Rebound • 30% increase in sales, February 2012 from February 2011 • Days on the market fall from 131 to 108 • Median sale price falls by 13%, $120,000 in February 2011 to $104,725.00 in February 2012.

  14. Foreclosures Since September 2008 there have been 3.5 million completed foreclosures • March 2011 85,000 • March 2012 69,000 • 1st quarter 2011 232,000 • 1st quarter 2012 198,000

  15. Economy • 1 in 4 homeowners underwater, owe more than their home is worth • GFC has wiped out more than $7 trillion in household wealth • House prices down 34% since 2006 • Interest rates – 30 year fixed mortgage at 3.88%

  16. Housing • New Housing starts rebound in April • Housing starts increase 2.6% to an annual rate of 717,000 • Confidence among homebuilders at 5 month high • 1st quarter 2012 residential construction grew at fastest pace for 2 years • Will contribute to economic growth for the first time since 2005

  17. Housing Bathrooms Top Kitchens as Most Popular Remodeling Projects • Special questions included on National Association of Home Builders’ Remodeling Market Index (RMI) survey show that home owners remain interested in updating the most heavily used rooms in their homes, including bathrooms and kitchens.

  18. PSF 2010 –David Hagopian, USA • Predictions for the Housing sector 2012 - demand is expected to be 1.9 to 2 million housing units. • Also affecting the plumbing and construction sector are; • - the new lead laws, • - water efficiency targets. • PMI supports national legislation to harmonise requirements for lead in plumbing products

  19. Lead • The USA national lead law takes effect January 2014 • The bill was drafted and supported by PMI to harmonize California standards throughout the USA • PMI was successful in convincing Louisiana, Vermont and Maryland to adopt the 0.25% level instead of their own different  levels as proposed. • Some other entities (water utilities and non-PMI members) have been caught off-guard. • PMI will participate in a panel discussion at the June AWWA conference to outline steps taken by manufacturers to comply by the prescribed deadline • PMI would like to see improvements to infrastructure to replace lead service lines to reduce lead in water  

  20. Water Efficiency • PMI supports water efficiency—getting the job done with less water, NOT merely cutting back the amount of water used (conservation) • PMI supports consumer choice and opposes mandates • PMI supports educating the consumer to encourage positive behavior change. • Water efficiency is a shared responsibility—not just that of manufacturers. • In areas moving to lower flow rates, PMI supports harmonizing with high-efficiency Water Sense approved products… reducing flow by 20%

  21. Appreciation and thanks to: • Mr. Roger Price, Consul General, Australian Consulate, Chicago; • Mr. Scott Adlington, Director of Investment, Midwest, Victorian Government Business Office • Ms. Barbara Higgens, Executive Director, Plumbing Manufacturers International, Rolling Meadows, Illinois • & Thank you for your attention

More Related