IBS 2008 Dips in Attendance, But Offers Quality Traffic, Cautious Economic Optimism
Monday, February 25th, 2008
Despite lower attendance numbers than the previous year’s show, the 2008 International Builders’ Show marked another successful year in Orlando, FL with its highly attended education sessions and extensive product showcase attracting more than 92,000 attendees, according to IBS sponsor, The National Association of Home Builders’ (NAHB).
This dip in attendance in its final year in sunny Orlando was felt by an industry that has been rallying against the effects of the meltdown in the subprime mortgage market since the market unraveled late last summer.
However, many of the more than 1,900 exhibitors reported having quality traffic. And speakers such as Chief Economists David Seiders (NAHB), Frank Nothaft (Freddie Mac) and David Berson (PMI Group) were predicting cautious optimism about recovery and the economy. The trio forecast more vigorous economic growth following tax rebates by mid-year that will set up a recovery beginning in 2009. “The vast bulk of the housing contraction is behind us,” Seiders asserted.
The trio also presented housing and economic forecasts that project no recession at all, despite numerous reports of one. However, Seiders did say one could be likely, and things could spiral downward from this point, but the stabilization process is the key to recovery in the housing sector.
“We’re happy that the economic stimulus package is being signed into law, happy with what the Federal Reserve is doing, but we may need even more strenuous legislation to help the housing situation,” Seiders added.
To that end, following President Bush’s signing of H.R. 5140, the Economic Stimulus Package of 2008 during a press conference on February 13, the NAHB continues to work around the clock on Capitol Hill to encourage Congress to enact housing incentives, broad GSE reform and FHA modernization. The association has even taken out ads in support of these steps in all DC and Capitol Hill newspapers.
Even President Bush called on Congress during the press conference to do the same: “Congress can also help by passing legislation to reform the regulation of Fannie Mae and Freddie Mac, to modernize the Federal Housing Administration, and to allow state housing agencies to issue tax-free bonds to help homeowners refinance their mortgages. I hope that Congress can act on these matters quickly.”
In addition, others with a stake in the housing market also stepped up to put pressure on the federal government to aid the industry while thousands of building and design professionals were at the IBS.
For example, keynote speaker Mary Matalin announced to the crowd at the grand opening ceremony of the 2008 IBS in Orlando, FL that in support of the housing industry Camp Hill, PA-based PA Partners’ “leadership has declined to give any further contributions to any politicians at the Federal level until they do something on behalf of your industry… This is a first because the way to a politician’s heart had been to up the ante, but to pull it back should have some interesting effects.” (To listen to Mary Matalin and James Carville’s comments at the IBS 2008 Grand Opening Ceremony, click here. Editor’s Note: This audio file is no longer available for listening.)
Also read KBDN’s 2008 Forecast. In addition, read Eliot Sefrin’s 1/08 editorial, The Sky is Far from Falling in ’08.
For more 2008 IBS news, and upcoming K/BIS Chicago news, go to www.KitchenBathDesign.com. Be sure to sign up for the site’s annual trio of K/BIS eNewsletters.
For more breaking news also visit the Top Headlines and Live Events sections.
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| More than 92,000 building professionals gathered at the Orange County Convention Center in Orlando, FL to visit more than 1,900 exhibitors at the 2008 International Builder’s Show. | |
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| Political analysts Mary Matalin (left) and James Carville (right) spoke to the crowd during the 2008 IBS Grand Opening Ceremony. | |
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| Chief Economists David Seiders (NAHB), Frank Nothaft (Freddie Mac) and David Berson (PMI Group) were predicting cautious optimism about recovery and the economy during the 2008 IBS. |








