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Ilke Homes went under owing £320m

Construction Enquirer

The scale of the modular house builder’s debts can be revealed after the Enquirer saw a statement of proposals issued to creditors by administrator AlixPartners. Sister development company Ilke Homes Land also collapsed owing £14m to subcontractors and suppliers and £21m in inter-company debts.

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2022 Homebuyers Are Better Protected Than House Hunters During 2008 Bubble

Pro Builder

2022 Homebuyers Are Better Protected Than House Hunters During 2008 Bubble. Rising home prices and mortgage rates are pushing more prospective buyers out of a supercharged housing market, but today’s buyer pool is far less vulnerable than the housing bubble buyers of 2008, Fortune reports. Mon, 05/16/2022 - 10:35.

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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators. It adds that Empire is a trading name of Empire Properties Concepts Limited.

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Elements Europe wins Digbeth 550 rental flats

Construction Enquirer

Designed by architect Darling Associate, the phased project will consist of a landmark 26-storey block with associated mid-rises of around nine-storeys and a dozen three-storey town houses.

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

Housing’s Best Decade Ever In 2020, we published a special report titled “ The Roaring 2020s: Housing’s Best Decade ,” which outlines why this will be the best decade for housing demand in U.S. In addition, the front end of Generation Z (Zoomers) is entering the rental housing market.

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What Your Business Credit Report Tells Lenders

Pro Builder

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Lessons Learned From Previous Housing Market Disruptions. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. .

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. PACE programs are good for the planet and good for improving the housing stock. Last week the U.S.

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