Guildmember Confidence climbs in 2nd Quarter
1 Comment7/21/2009 update: CLICK HERE to download the full report.
An increasing number of members are expecting near term improvement in their company’s performance and the market in general, relative to the prior two quarters.**
The Guildmember Confidence Index is a measure of the percentage of members that forecast improvement minus the percentage that forecast decline. A positive number indicates that more members forecast improvement than decline. 100% is the highest possible number (if everyone forecasted improvement) and -100% is the lowest possible number (if everyone forecasted decline).
The GCI for members’ own companies is 49.5% for this quarter, up from 41.6% and -2.3% in Q1 2009 and Q4 2008 respectively. The GCI for the market in general is at 43.3%, up from 26.8% and -35.4% in Q1 2009 and Q4 2008 respectively. The former number is members’ assessment of their own businesses prospects. The latter is those same members’ assessment of the larger home building, remodeling, and real estate market.
We first conducted this survey of our home builders, remodelers, contractors, and real estate developers in October of 2008, and have since conducted the survey in the last two weeks of each quarter.
Thank you to all the members that have participated so far. I’ll publish a complete summary of the feedback, including comments and more data, within the next couple weeks.
** We continue to receive responses from members, and I expect the Q2 numbers to change very slightly. My final report will include all responses.
CLICK HERE to download the full report for Q2 2009. The Q1 2009 report is available here.
Thank you for the information. It is helpful to see and as usual appreciate the services that GuildQuality has to offer.