
Residential housing makes up a large portion of the U.S. Gross Domestic Product (GDP) ranging on average from 4% to 5% according to the National Association of Home Builders. This percentage of GDP includes new homebuilding and remodeling. In years prior to the pandemic, the residential housing market was often viewed as cyclical and contractors had to be manage their businesses accordingly to avoid the bust times. A different paradigm emerged in housing since the pandemic which resulted…
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