Land tends to follow the Industry by about 6 months, give or take. When things heat up, it takes time for Land companies to gear up, hire employees, etc. There's a lot of inertia involved that make it difficult for Land companies to up-size/down-size on the Industry's whims... a lot of them just finished down-sizing just before/after Christmas... they don't want to hire a bunch of people back again just to have to lay them off/not renew their contracts 6-12 months later.
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