Recession Increasing Builder's NImbleness

Daily Real Estate News June 10, 2010

A challenging environment has helped home builders become better businesspeople, a survey suggests.

Building industry professionals say as a result of the recession, they have become:

• More adaptable, 65 percent
• More innovative, 53 percent
• More realistic, 52 percent
• Wiser, 47 percent
• Have improved industry-related skills, 43 percent
• More in touch with the operations of their businesses, 40 percent
• Have a better work-personal life balance, 36 percent
• More pessimistic, 27 percent

Home builders tend to be resourceful by nature, says Linda Bavsari, senior vice president of PCBC, a building industry trade organization that commissioned the survey. “It’s heartening to see that in the midst of this recession, they are becoming even more adaptable and innovative.”

Source: PCBC (06/09/2010)