Managing the downturn
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Modern Woodworking. April: 41-49.
After years of seemingly unrestricted growth, the housing market has turned and is deteriorating fast. Housing construction and sales have slowed dramatically, foreclosures have skyrocketed and mortgage rates have increased modestly despite the Federal Reserve's easing of monetary policy. Given the increasingly high dependency of the wood products industry on housing markets, one can only wonder how the industry is doing.
Buehlmann, Urs; Bumgardner, Matt; Schuler, Al; Crissey, Jeff. 2008. Managing the downturn. Modern Woodworking. April: 41-49.