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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. In the bottom 20% income percentile, a home accounts for 99% of total assets, compared to 42% for families in the top 10% income bracket. cbroderick. Tue, 11/03/2020 - 09:42.

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Making Sense of the Construction Tax Landscape

Viewpoint Construction Technology

One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Manage the company’s cash effectively to account for future downturns. A Tax Review. In the kickoff event, held Feb. 5 in San Francisco.

Viewpoint 192
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Buyers Turn to Cash and Higher Down Payments to Snag Homes

Pro Builder

NAR notes this widens the wealth and income divide among those who are financially wealthy and those yet to build up wealth. In March, homes received an average of five offers, whereas homes only saw two offers on average in 2019 and 2020. Some buyers are not even attempting to place a bid on a property with multiple other offers.

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Which States Tax the Most/Least?

Pro Builder

Other factors are clearly at play, and state and local government financing turns out to be a major one. Property taxes accounted for 38.9% of state and local tax receipts in 2019, on average, but some state and local governments rely more heavily on property taxes as a source of revenue than others. Market Data + Trends.

Texas 52
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Retrofitting Europe’s Homes: How Digital Construction can Support Greener, Affordable Housing

Autodesk Construction Cloud

In 2019, 30% of the residents of these tenements were classed as fuel poor , meaning they pay more than 10% of their disposable income on heating. Across the EU, buildings account for 25% of greenhouse gas emissions. With the rising cost of fuel, leaky houses may be a key social issue.

Housing 98
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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

Both programs have been extended until July 1, 2019. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

Zoning 47
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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

From the July/August 2019 Issue. Tennessee is proud to be a right-to-work state with no personal income tax on wages. Using a formula that takes into account the new tax revenues generated by the 1,612 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $54 million paid over 12 years.