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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume. The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan."

Banking 52
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. I would like to share the following tips to use before approaching the bank(s) or other financial institutions for additional financing, and some non-bank financing options. There are also some approved finance companies, such as GECC, that will finance heavy equipment purchases. October 2008.

Banking 120
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. December 2008. November 2008. October 2008. September 2008. August 2008. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. December 2008. November 2008. October 2008. August 2008.

Cash Flow 120
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Querying different type of jobs in job costing to look at profitability by type. December 2008. November 2008. October 2008. September 2008. August 2008. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology.

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Home Building by the Numbers

Pro Builder

The Shinn Group’s long-running Fin-Op analysis, backed by decades of data, offers builders a road map to profitability and a benchmark of performance. Predicting Profit: How to Know Your Margin Before You Close. Predicting Profit: How to Know Your Margin Before You Close. What makes a builder consistently profitable?