Today it was announced that housing starts rose unexpectedly in February. That is great news!
But what does this mean? Are we out of the woods yet?
I really don’t know but Wall Street reacted to the news in a positive manner today.
“The upbeat construction report provided the latest glimmer of hope for Wall Street and revived interest in the long-suffering housing industry”.
I mentioned a couple of weeks ago that things will turn around despite the negative fear mongering by the media.
Sure, this is not the turn around, or is it? No one really knows, but for those of us who comprehend the pressure of economic cycles, last week and the start of this week show some relief is in sight.
As we search for more good news, relatively speaking, we must make sure our businesses are prepared for further gyrations as well as the possibility of expansion.
This last year should have been a good lesson in organizing and structuring our businesses. As I am an expert in operational accounting methodologies, I recommend we review our business practices a few more times to make sure we understood what has occurred in our businesses over the last year.
Again, we are not out of the woods, but it is nice to know there is a light at the end of the tunnel.
Are you ready?