New-home construction increased an amazing 40.9 percent in April 2010, compared to April 2009, according to the CNN article, “New home construction surges 41%.” House starts were also up 5.8 percent from March.
The $8,000 first-time homebuyer tax credit expired on April 30, so home sales are expected to slow in the coming months. Many homebuyers rushed to take advantage of the tax credit, which could explain the rise in home construction leading up to the April 30 deadline.
Real estate is still a fairly volatile market. It’s anyone’s guess when it will fully recover.
Building a new house requires a lot of materials and tools. Homebuilders have to keep track of a huge amount of inventory in order to stay profitable and produce high-quality homes.
Manufacturing inventory software is a great tool for keeping costs down and optimizing inventory levels and storage. Manufacturing inventory software automates the reordering process so that when the number of parts on hand reaches a certain level, more of those parts are ordered. This cuts down on the risk of being out of stock while also preventing overstock.
To learn more about manufacturing inventory software, visit the Fishbowl Manufacturing page on the Fishbowl website.
QuickBooks Manufacturing Blog 