Are There Lessons From the Great Recession for the COVID-19 Pandemic?
Pro Builder
MAY 29, 2020
Hovnanian Homes , he offered buyers the opportunity to reserve their desired home site for 30 days or more (the length of time could be negotiated or determined by the builder) with a small refundable deposit. If the market did roll over, he might have to lay people off, but would not be stuck with land debt.
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