Are There Lessons From the Great Recession for the COVID-19 Pandemic?
Pro Builder
MAY 29, 2020
Is it profitable? Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. If the market did roll over, he might have to lay people off, but would not be stuck with land debt.
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