strategy theory and practice

A classic definition of the home building industry is the constructing or designing of residential homes. Currently, this industry has been depressed due to a weak economy and it has faced many challenges. Homebuyers wallets dont always dictate the changes in buyers tastes, though the current economic situation has intimidated the development of home building and has effectively limited the variety of new homes on the market. Standard Industry Code (SIC Code) of the home building industry is 1520, which represents General BLDG Contractors-Residential BLDGS. The North American Industry Classification System,(NAICS) code for the house building industry is 236116 and it respectively stands for Home Builders (Except Operative), Multifamily or 236115 for Home Builders (Except Operative),