Interesting article

18 years ago

Interesting to me, anyway. I have never had any business dealings with any of the national builders. I have always assumed that the multiple layers of upper management would make downturns in business very difficult. Laying off framers does not reduce the expense higher up the management ladder. Some economies do come with larger scale operations, but I have assumed that they could not beat the prices of a local small builder. A local contractor can start doing other types of jobs, such as rehabs, and keep most of his crews together. Getting "big" increases some vulnerabilities.

Here is a link that might be useful: Beazer

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Comments (3)

kats
18 years ago
This doesn't sound like vulnerabilities from getting to big to me, it sounds like there's a problem with the cookie jar. And it sounds like cookies have been misplaced since 2004. With the housing market it's understandable even a large company could have financial problems but this company is being "looked at" by the FBI for irregularities. I'm surprised they haven't filed bankruptcy from the sound of the article.
I had never heard of Beazer. I live in SoCal and was surprised when I did a Google on them. Beazer is doing quite a few starter home type developments in SoCal. That means there could be people I know that might not be paid for their hard days work.
lsst
18 years ago
If I were one of their "trade partners", I would be worried about getting paid at all.
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sierraeast
18 years ago
Trades have always had to "save for a rainy day" as there are many down times due to situations such as the current drop, weather, job site delays, etc.

Too not pay those who are the ones that are actually doing the work and making the corporate builders wealthy is low class and is a classic example of corporate greed. You can bet the top dogs are not going without.