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The three existing home price series show very different price trends
How much home prices fall is critically important in estimating when the housing market will hit bottom and begin to recover. Depending on which existing home price series you look at, prices have been falling for either six months or for more than a year and the price drop is either a few percentage points or a double-digit plunge. Reed Construction Data believes that the OFHEO purchase only, existing home price series is the best measure of national price trends and that the Case/Shiller/Weiss existing home price series is the best measure of price trends in the large and deeply distressed housing markets in the southeast and southwest.
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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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