Builders ought to keep on eye on the new National Association of Residential Construction Lenders be-cause it could lower the cost of residential construction financing.
Barbara Allen, a housing analyst with Arnhold & Breichroeder Inc., is convinced housing price reversals will take the entire economy into a deeper recession as soon as 2003.
If the adage 'the best time to ask for money is when you don’t need it' is true, then this is the perfect time for builders to fortify their credit lines.
It’s curious that builders who would argue with a subcontractor or supplier over a fractional cent per square foot for the cost of buying or installing drywall would leave large sums of cash in bank accounts that yield little or no interest.