Ten years of BUILDER 100 data reveals top firms’ struggles and successes during one of the industry’s darkest periods.
By Jennifer Goodman | Builder
A report in BUILDER’s May 2007 issue predicted the oncoming crisis:
The train wreck going on in the mortgage market is going to hit 2007 home sales hard, with a cascading effect that will be felt for some time to come. With more than two dozen subprime lenders closing their doors within the last six months and more stringent lending standards in place for those that remain, a large percentage of the former pool of home buyers, perhaps upwards of 20 percent, will vanish.
