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Economic environment improves for homebuilders
Market conditions improved over the last month for new residential housing but continued to worsen for residential remodeling. In the new home market, affordability continued to improve and is now at high level that set off the 2004-06 housing boom. This is the consequence of falling mortgage rates and now rapidly falling home prices and still rising consumer income. However, income growth has slowed. Real income growth declined in February and is expected to be steady to declining for several more months. Also, there was a reduction in the total inventory of homes available for sale.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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