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Former Carillion finance boss banned for 12.5 years

Construction Enquirer

Former Carillion group finance director Richard Adam has been disqualified as a director for 12 and a half years. ” Adam, 65, was finance director at Carillion between 2007 and 2016. ” Adam, 65, was finance director at Carillion between 2007 and 2016.

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All-Cash Home Sales Surpassed FHA-Backed for the First Time Since 2007 in Q3 2022

Pro Builder

All-Cash Home Sales Surpassed FHA-Backed for the First Time Since 2007 in Q3 2022. The share of cash purchases has climbed steadily for each of the past three quarters to reach a 20-year high, while new home sales financed through FHA are falling. Financing. Mon, 10/31/2022 - 09:51. Census Bureau. New-Home Sales.

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Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023

Pro Builder

Bond investors expect a top rate of 4.94%, but economists at Goldman Sachs expect the Fed will deliver quarter-point hikes at their next three meetings—holding top interest rates at 5.25%, the highest level since 2007, for the rest of the year. Read more Economics Financing Housing Policy + Finance Housing Policy + Finance

Banking 52
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Builders Are Slashing Prices to Sell Homes, but Not at 2008 Levels

Pro Builder

Home builders are reducing sales prices and offering incentives to budget-conscious buyers, but at a much more reserved pace than in 2007 and 2008. In the 2007-2008 crisis period, however, the average monthly reduction in house price was consistently 7% or higher — reaching 10% in February of 2008. Tue, 12/13/2022 - 10:19.

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Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens

Pro Builder

Despite rising budgets to combat homelessness in New York City and California, the national crisis has improved by just 10% compared with 2007. Housing Policy + Finance. Housing Policy + Finance. Though a “housing first” strategy has provided foundational support for thousands of unhoused people across the U.S.,

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Home Prices Increase 17.2%—Is the Housing Market in a Bubble?

Pro Builder

Another way to look at this is through the lens of household finances. Sure, inventory levels can change quickly, as we saw between 2005 and 2007, and no doubt sellers will test the market later this year as the pandemic eases. Household balance sheets are in pristine condition. from a peak of 117.1% from the high of 7.21

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California is a Model for PACE Loan Reform

Green Building Law Update

California’s statutory changes to its existing residential Property Assessed Clean Energy (PACE) financing program, that became effective January 1, 2017, may be a model for residential PACE programs across the nation. The first residential PACE program started in Berkeley, California in 2007.

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