We live
in a semi-cocoon here in East Tennessee.
The Covid-19 pandemic rages around us and we’ve had 815 confirmed cases
with ‘only’ 3 deaths in Loudon County.
Not too bad when you consider that probably 8,000 plus folks who live just in
our community are retired and fairly vulnerable. Also consider that neither the state nor the
county have mask mandates. Nearby Knox County does have a mask requirement…
Of course
we all know what the pandemic has done to the economy! Millions of people have lost their jobs. Many businesses are closing forever. Others are just scraping by… Food banks are
overwhelmed, renters are in danger of eviction and people are behind in their
mortgage payments.
And yet
there is an economic boom of sorts here in our neighborhood!
I had
“assumed” that with millions of people filing for unemployment and an economy
in free-fall, the burgeoning spate of homebuilding in our ungated community
would go into a quick downward spiral…
Apparently,
I’m no economist! This new home was just
started across the street and about a block down from us in the last few
weeks. The foundation is in place as is
an all too ubiquitous porta potty!
One new
house wouldn’t prove much… This lot was just cleared for a new home a week
ago. It’s on a street behind us at the
back of a house just 2 lots up from our home.
Our
street isn’t very long…perhaps 4 or 5 blocks one way and a short 2 blocks the
other way. The first photo shows the beginnings of another new build at the end of our street and the second photo is of a new
house nearing completion just across the street from the new home start up!
If you
still think that perhaps the previously pictured new homes near us were just a
coincidence, here is another flock of homes at various stages of completion
along an adjacent street in our neighborhood.
Here is
one more home nearing completion. One
fact is obvious. Home builders and
construction crews in our area are not out of work and it appears that they
won’t be anytime soon.
Just to
finish our tour, these 4 other new homes are located on yet another street in our
neighborhood. Fact: All 14 homes shown
above are located within no more than a half mile of our home…and most are within
a quarter mile in actual distance. We still have a patch of woods on one side of our house, its still wooded across the street from us and we have a tiny bit of woods right behind our home.
The main
portion of our community stretches along 9.5 miles of Tellico Lake and adjacent
property. Another large section is
located a few miles away in Monroe County.
New home construction is happening everywhere! The last numbers I recall showed that over
180 homes were being built…
What
factors figure into our continuing building boom? Obviously some of the homes were committed to
and funded before the economic downturn.
I can only guess that people who were contemplating retirement and who
had the financial wherewithal to do so…just decided to call it quits and
relocate somewhere where the environment was pleasant and the cost of living
was low.
On the other
hand…the business news today proves that I just don’t understand the
economy! To quote: “Housing starts in
July rose 22.6% to a seasonally adjusted annual rate of nearly 1.5 million. Permits rose sharply for both single and
multi-family dwellings”.
All of
the home construction in our area got me thinking… I recalled driving past
Tellico West and noting something of interest in this down economy. This industrial park is managed by the
Tellico Reservoir Development Agency.
Its home to several large companies and those companies employ roughly
3,000 employees when business is good
I
remembered seeing a number of help wanted signs, and they’d been up for
months. We stopped by and Laurie snapped
these photos… The first one is a Yamaha Jet Boats help wanted sign. The second is a view of just a small part of
the finished watercraft at the factory waiting to be delivered.
Master
Craft’s boatbuilding operation is in the same industrial park along the shores
of Tellico Lake. They are hiring as
well! Mastercraft also had a 'now hiring' sign out by the entrance to the industrial park...but so did Randstad (a recruiting company), JTEKT (an automotive supplier) and DHL (a global logistics and shipping company). The only shortage around here seems to be job applicants...
I didn’t
see a help wanted sign for Sea Ray but I checked on-line and they are trying to
fill positions as well. This plant
manufactures Sea Ray and Lund sports boats and sports cruisers.
While driving through the area, we also
noted a sign for Great Lakes Boat Tops…which is also located in the Tellico
West Industrial Park. They’re trying to
fill a number of positions in their plant too!
Who can
afford a boat in such an economic downturn?
Apparently those who are still working, who have the money and who are
looking for something to do that is relatively safe in that families and
friends can enjoy the outdoors and stay ‘socially distanced’. With most types of travel off limits, boating
is a booming business.
Other
businesses are booming too! Home
renovation projects, either by professionals or as do it yourself projects
include such items as pools, decks, home gyms, saunas, home offices and
landscaping, are bucking the economic trends.
So is the recreational vehicle industry.
Dealers have consistently reported strong demand for rentals and sales
of new and used RVs as families and would be travelers look for options that
minimize their risk of catching Covid-19.
Other industries doing well include makers of cleaning/sanitizing
products, video gaming, exercise equipment, streaming video services and of
course, group communications services such as Stack and Zoom.
I’m
guessing that once we get back to ‘normal’, whatever and whenever that is,
there may be a lot of used boats and RVs available for very reasonable prices…
Time will tell.
In the
meantime…
SUPPORT YOUR LOCAL FOOD BANK!
That’s
all for now. Just click on any of the
photos to enlarge them…
Thanks
for stopping by for a visit!
Stay Safe
and Take Care, Big Daddy Dave