US home builders in recent months began walking away from their revolving credit facilities, choosing to rely instead on cash and other equivalents held on their balance sheets for short-term liquidity, according to a study by Fitch Ratings.
Builders snubbing short-term credit and voluntarily exiting their revolving credit lines indicates a general move toward conservative borrowing practices as the US banking and financial system continues to reel with loan-related losses.
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From both an operational and regulatory standpoint, the industry continues to progress as new technological advancements are made and new regulations and policies are implemented. While it is important to change with the times, it is equally important to define and maintain the very essence of your company’s own core vision and values, so that you can succeed regardless of the inevitable changes the industry will undergo. Read More