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Management
Changing Alliances
Sitting in the audience at a recent real estate forecast meeting, one of the speakers offered this insight: "The lack of prime terra firma on which to build and develop is one of the biggest problems confronting industry players." Not exactly new
Management
2005 Forecast Sunny, Not Record-breaking
Predicting the Future is tricky business. Last year, housing experts uniformly predicted that home building would come off its hot streak, but record results proved them wrong. Now they agree that decline will come this year. According to the NAHB, 2005
Management
Financial Management - Part 2
Financial Management - Part 1 (January 2005) discussed the importance of setting up a solid accounting system comprising four key elements: When set up correctly, these four elements ensure the information you look at on a daily, weekly, monthly, quarter
Management
Gross Profit Sets Up Net Profit
High gross profit is the first critical step to reaching high net profit. Our most recent study of 94 client builders' financial results for 2003 proves the strong correlation between gross and net (as shown in the chart below). Builders of varying s
Management
2005 Business Resolutions
New year's resolutions, made with determination before 12/31, rarely survive. Resolutions typically involve improving our personal lives: eat less, exercise more, etc. The list goes on, but changing behavior because of a change on the calendar rarely
Management
Hiring and Retaining Employees
An employee leaving a company is like a stone thrown in a still pond: ripples of disruption spread through the organization, creating unbalance. In any business, this unbalance can be expensive. Turnover can cost a builder in recruiting and administrativ
Management
Where is a Nexer to Go?
As we continue our focus-group research with the nexers, we've been hearing about their preferences for features and layout inside the home. The nexers have already provided us with a mountain of ideas that might motivate them to buy a new home. With
Management
Adjustable-Rate Mortgages
The good news out of the University of Southern California's Lusk Center for Real Estate is that experts there see no pricing bubble in the California housing market. The bad news is that they are concerned about current high use of adjustable rate m
Management
Eucalyptus Hybrid Flooring
A hybrid eucalyptus tree, Lyptus is quickly becoming one of the world's most important hardwood lumbers, says manufacturer Weyerhaeuser, primarily because it represents a sustainable and renewable resource. In density, strength and technical properti
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