|
Builders Advised to Pare Costs as Sales Slow
Builders who are finding the current downturn in the housing market tougher than they had anticipated are being advised to take steps to reduce their costs and minimize the damage of slower sales to their business.
“As the home building industry settles into a year of more typical gains, historically speaking, managing and cutting costs are likely to be high on home builders’ minds,” says Steve Hays, a partner-in-charge of the Home Builders Services Group of RubinBrown LLP CPAs, in St. Louis.
Advice from Hays and other experts in managing home building businesses is included in NAHB’s Back to Basics Toolkit. Introduced last month, the online kit is geared to providing members of NAHB with materials that will help them respond to the challenges of the current slowdown in housing activity that is affecting the majority of the markets in the country.
|
