9 Tips to Help Contractors Survive Recessions and Build Stronger Businesses
Contractors face a slew of challenges this year. The global recession that started with the downturn in U.S. residential housing continues. Gloomy headlines, slowing sales, and rising unemployment have combined to create a high level of pessimism in the construction industry.
There's no question that it's tough out there. Housing starts and total construction spending have decreased year-over-year.2 And there is a large inventory of unsold homes that need to clear the marketplace before significant recovery can occur.
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