Estes Designs’ Partnership with BAGI
Estes Designs has partnerships with numerous homebuilders and has been a member of the Builders Association of Greater Indianapolis (BAGI) for more than eight years. Throughout these years, Estes Designs has been able to help communities all around Indianapolis provide new or upgraded, durable mailboxes. Ensuring that there are quality products going into the community, both BAGI and Estes Designs ensure a top builder’s standard.
During this time of hardship for companies, there is still a need for home construction and mail services, which are essential businesses in our economy. Mail service cannot be interrupted during a time like this and Estes Designs is still in business to provide necessities to the community including individual consumers and the homebuilders.
Safety for customers and employees is ensured when completing a job as it takes only 30 minutes to install a new mailbox. Estes Designs is a trade partner with the majority of homebuilders in the area, who are still building homes and modifying rules to protect everyone from the virus the best that they can. For example, most builders are now only allowing one trade partner in a house at any given time to minimize the interaction between workers and homeowners.
Economic Impact
The economic stress from COVID-19 may take a hit to the economy for the upcoming months, but there is overall outlook on the coming months that will be positive. BAGI also provides an article with the impact that COVID-19 is having on our economy. Here are some highlights:
- It is reported that the 30-year fixed rate mortgage is averaging approximately 3.6%, which is positive for homebuilders or consumers thinking about purchasing a home.
- Given the sharp nature of the 2020 downturn (and its biological rather than financial or economic cause), BAGI is forecasting that after stressful second and third quarters for the year, the fourth quarter should host a V-shaped or marked rebound. Again, this is positive for both builders, their partners and consumers.
- Home builder confidence, as measured on the NAHB/HMI, registered a slight decline in March to 72, but are expected to decline in April. With low interest rates and policy help for the labor market, housing would be a sector to lead the economy into recovery after the declines of mid-2020. This is a positive outlook for both builders and consumers, as well.
Estes Designs will continue to look to BAGI for the latest trends for builders and communities during these difficult times and will work hard to keep employees and customers safe while also ensuring that communities and consumers are still receiving durable mailboxes to protect mail. If you have a mailbox related need during this time, you can learn more about our products, including mailboxes, posts, and other accessories on our website. If you have an immediate need please call (317) 899-5556 or email info@estesmailbox.com to place orders or ask questions.
