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How Inventory Control Saves Construction Teams Resources

Construction Business Owner

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

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Starter Home Inventory at Five-Decade Low

Pro Builder

Starter Home Inventory at Five-Decade Low. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com. cbroderick. Thu, 07/22/2021 - 10:15. In 2006, he bought what he said is his largest home ever: a two-bedroom house at 1,250 square feet.

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Remodeling Demand Surges as Homeowners Choose Not to Sell

Pro Builder

Rising mortgage rates and waning inventory are creating a financial incentive for current homeowners to stay in place and remodel . . A rise in remodeling projects is also driving up costs for building materials, which have increased by 23% in just the last year, John Burns Real Estate Consulting reports. Mon, 04/25/2022 - 10:17.

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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

There are several steps you should take now to prepare for a successful transition to the new standard: The first step is to: Build an inventory of your leases. Construction Industry CPAs and Consultants (CICPAC) recently released a whitepaper titled: ASC 842 – Implementing Leases – Focus areas for contractors. Visit www.cicpac.com.

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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

Pro Builder

Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Between disappearing inventory, toe-to-toe competition, and a staggering 65% increase in regional home prices, Boise quickly became overheated, and its inevitable cooldown is finally underway. .

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Home Prices Are Starting to Drop Across the U.S.—Here Are the Markets Seeing the Biggest Declines

Pro Builder

head of research at John Burns Real Estate Consulting, expects home prices to drop by mid-single digit percentages over the next two years, and other market experts like Capital Economics’ Matthew Pointon agree. Inventory is climbing, too. Rick Palacios Jr., of for-sale homes in Boise also had their prices reduced.

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An Influx of Young Homebuyers is Coming—Here’s How to Target to Them

Pro Builder

According to John Burns Real Estate Consulting, the largest age group in the U.S. While some younger buyers may be in the market for higher-priced homes, there is certainly a segment of this cohort that is looking for affordability, which is becoming more of a challenge in today’s rising-price / low-inventory housing market.