Manufacturing Grows At A Rapid Pace In The United States And In The Triangle Area

Manufacturing in the United States grew at the fastest pace seen in the last seven years last month, and the Triangle area also saw an increase in manufacturing.  However, with the sudden rise in the price of raw materials there is some concern that it could threaten profits.

According to the Institute for Supply Management, it reported that the index of manufacturing activity rose to 61.4 percent in February; which was up from 60.8 percent in January. The last time this index saw numbers this high was in May of 2004. The index reached its lowest level in 30 years in December of 2008 with a level of 33.3. Any level above 50 indicates expansion in the manufacturing industry. Many economists agree that the recession ended in June of 2009 and since that time factories have rebounded across America.

The Triangle area also saw an increase in manufacturing over the past year. Manufacturing jobs in the Triangle area grew by 3.5 percent according to the North Carolina Manufacturers Register. The Triangle area makes up only 4 percent of the state of North Carolina’s manufacturing work force.

The Triangle area is booming and now is the time to get in on the action. If you are looking to buy or sell a home in the Triangle area, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are a lot of questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.