Are There Lessons From the Great Recession for the COVID-19 Pandemic?
Pro Builder
MAY 29, 2020
In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units. If you have many homes in inventory, don’t wait until your competitors drop their prices, making your products uncompetitive. 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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