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Mortgage Rates Plunge After Fed Commits to Buying Mortgage-Backed Securities

Pro Builder

Mortgage Rates Plunge After Fed Commits to Buying Mortgage-Backed Securities. Better-than-expected May jobs data had mortgage rates trending upward, but rates came crashing down again after the Federal Reserve recommitted to zero interest rates through 2021 and their purchase of mortgage-backed securities. Knock on wood.

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Millennials Don’t Shop Department Stores, But They Do Want Home Ownership

Pro Builder

Thu, 09/30/2021 - 10:36. Millennials have too much student debt to be home buyers, and they would rather rent in urban centers where they can walk to a restaurant to order specialty coffee and avocado on toast. Even among successful home buyers, the debt that did hold them back most from buying was student loan debt.

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Ilke Homes files administration notice

Construction Enquirer

Ilke and its advisers have been exploring fundraising options and the existing backers hope to secure a future for the business via a sale or investment, to enable it to deliver on its 4,200-home pipeline and protect its workforce. This came after a ÂŁ60m injection in November 2021.

Equity 107
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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage.

Safety 94
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SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

Thu, 06/03/2021 - 10:13. The company also faced an investigation into its accounting practices by the Securities and Exchange Commission and by its board of directors, according to The Information. SoftBank-Backed Construction Technology Startup Katerra Set to Close. cbroderick. Greensill also collapsed earlier this year.

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Fri, 08/06/2021 - 09:23. Home value increases have taken more than 1 million homes out of an “underwater” status, meaning the loans secured by the property were 25% higher than the home’s market value. There remain pockets of the country where housing debt-traps are widespread. cbroderick. million at the end of 2019.

Equity 52
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Another important indicator of industry health is the rate of single-family housing starts, which increased by 13% in both 2020 and 2021. in August 2022, compared with the same month in 2021, according to the U.S. increase of 2021. increase in 2021. Other Indicators Point to a Housing Slowdown. Census Bureau.

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