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Residential construction builds firmer financial foundation

from Forbes

Weather may have kept home builders and remodelers off the job site recently, but data from Sageworks, a financial information company, show that privately held residential construction companies at least entered the year with stronger financial fundamentals than in recent years. Private residential construction companies, on average, had healthy liquidity ratios in 2013, and they were in a better position to service their existing debt, according to Sageworks’ preliminary analysis of financial statements for the 12 months ended January. Sales growth, too, remained healthy in that period. more

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