Call it "Onshoring" or "Reshoring", Call it Good for American Jobs

By
Real Estate Agent with Keller Williams Realty TN R.E. License 292369

Jobs coming back to USA shores can only be good news.  It doesn't seem to matter if homes are more affordable and rates are lower than ever.  With an uncertain economy and job scarcity not many are willing to buy.  But USA Today reports some encouraging news.  GE is moving the manufacturing of its energy-efficient water heater from China to the US.  While Ford announced it is bringing job from supplier pants back to these shores too.  Though we're only talking about 400 jobs (GE) and about 2000 (Ford), it could be a growing trend.

The bringing back of American jobs is called "Onshoring" or Reshoring", call it whatever you want, it will be welcome news for those in the job market.  

Among the reasons cited are frustration with the quality of the imports, the cost savings for the labor below expectations, theft of intellectual property and transportation costs.  If the trend continues as expected it may be a bit easier to find that Made in America label once again.  It may also mean that once again US manufacturing will be a major bolster for our economy.  For us in the housing industry it can only be good news.

 

 

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Rainmaker
847,190
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

And our GM is building a new plant in Mexico.  I thought we bailed them out.

Aug 07, 2010 01:40 AM #1
Rainmaker
483,596
Teral McDowell
Keller Williams Central - Plano, TX
Texas Realtor, Dallas and Collin County

Mike, that is GOOD news for the US of A! I hope returning home to our shores grows daily. I look for Made in America and right now, it's hard to find but I did find some tomatos yesterday :o)

Aug 07, 2010 01:44 AM #2
Rainmaker
265,057
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

Tim, it seems we did, and still they don't learn.  We are hopeful that rumors of new product in GM's Spring Hill plant pan out.  

 

Teral, I am just hoping it is a trend of even better things to come.

Aug 07, 2010 01:54 AM #3
Rainmaker
1,085,521
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

This may well be too little too late for the current Administration who keeps hemorrhaging jobs by the hour.

Aug 07, 2010 03:59 AM #4
Ambassador
1,501,301
Michael Thornton
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspector - Nashville, TN area - 615.661.0297

That is good to hear Mike. Now all we need is about 1M more...

Aug 07, 2010 05:41 AM #5
Rainmaker
184,398
The Brewer Team - Franklin TN Homes
Benchmark Realty - Franklin, TN

I think that this is great news for those of us in real estate with ties to manufacturing. If we all become more aware of buying quality instead of all that Wal-Mart junk, things will get better. ( this mess didn't start in 2008)

Aug 09, 2010 10:24 AM #6
Rainmaker
265,057
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

We are still losing jobs Wallace but it is getting better not worse all the time, the bigger the ship the longer it takes to turn it around.  You are correct Michael, and as they say Rome wasn't built (rebuilt) in a day, a real fix will take some time.  I couldn't agree more Julie, but you know me I have always taken pride in America and American products and not simply flag waving, I put my money where my mouth is.

Aug 10, 2010 01:33 PM #7
Rainmaker
184,398
The Brewer Team - Franklin TN Homes
Benchmark Realty - Franklin, TN

Mike - Rome still isn't built. I personally like to purchase local products for local companies that build things in the usa.

Aug 13, 2010 01:08 PM #8
Rainmaker
166,450
Diane Osowiecki
Diane O and Friends - Benchmark Realty - Franklin, TN
Greater Nashville Real Estate

Mike,

Good blog.  We all need to buy local...from our food up to our autos.  Let's support our neighbors here in the US and by doing so reduce our carbon footprint.

Aug 14, 2010 06:08 PM #9
Rainmaker
265,057
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

Couldn't agree more Diane, though it isn't easy to find the "Made in America" label.

Aug 17, 2010 11:31 PM #10
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Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy

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