An overheating Florida housing market may limit Latite’s customer acquisition
In 2022, the S&P Case-Shiller Home Price Index for Miami, Florida reached unprecedented levels 24.7% above the highest recorded in 2008. Latite Roofing and Sheet Metal LLC. likely benefited from high housing demand in 2020 and parts of 2021. However, excess demand may have grown so high as to price out new buyers and reduce the number of homes bought. In this case, given Latite’s weaking market share, the company may struggle to procure new business.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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