Search

NAHB Shuts Down Operations for Week to Save Money

by devteam August 25th, 2009 | Share

In a cost-saving move the National Association of Home Builders (NAHB) has shut down its office for the entire week of August 24.

In an announcement on the NAHB website the organization said that the five day August holiday was a cost savings effort and that its office would also be closed for the entire week of the Thanksgiving holiday (November  23-27) rather than just on Thanksgiving the and the following Friday as is traditional.

NAHB President Jerry Howard had told his board of directors of the plans in May saying that “this shut down plan, along with other cost-cutting measures that have already been adopted, is being implemented to help the Association save millions of dollars.”

The home building industry has been among the hardest hit employment sectors during the current economic slowdown and hundreds of construction companies, small and large, as well as those who depend on those homebuilders for their livelihoods have gone out of business.  NAHB did not tie their announcement to membership factors but it is fair to assume that they have been suffering from a loss of members, dues, and contributions.

Persons wishing to contact the Association are advised that phone calls and messages will be returned after normal hours resume on Monday. 

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of MortgageNewsDaily.com is prohibited.

About the Author

devteam

Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs
Share

Comments

Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...