Report: Prepare for a debt ceiling crisis
Construction Dive
APRIL 26, 2023
debt limit. Morgan recommends building owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S.
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Construction Dive
APRIL 26, 2023
debt limit. Morgan recommends building owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S.
Contractor Bookkeeping
AUGUST 11, 2023
Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. If your customers owe you money, the faster you can obtain it using effective collection tactics, the better.
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Pro Builder
JUNE 28, 2021
FHA Will Change How Student Loan Debt Affects Eligibility. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. cbroderick. Mon, 06/28/2021 - 09:41.
Pro Builder
APRIL 6, 2021
Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. Student debt nationwide has reached $1.6
Construction Enquirer
JULY 19, 2023
Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. He also said the average month-end net debt position would now be better than expected at £230m, down from £243m at the half year. ”
Construction Enquirer
APRIL 26, 2023
More than 450 firms have been hit by the collapse of Metnor Construction with subcontractors and suppliers owed more than £10m. An update from administrator FRP Advisory Trading Ltd said 468 creditors had been identified so far since the Newcastle-based contractor collapsed in February.
Construction Dive
MAY 30, 2023
The proposed legislation could also advance the Mountain Valley Pipeline and help boost the construction workforce, according to one trade group.
Construction Dive
JANUARY 8, 2024
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction Law
MAY 2, 2024
Paul-Raphael Shehadeh of Duane Morris analyses a dispute that will be of great interest to insolvency and international arbitration practitioners, that highlights the benefits of a negotiated dispute settlement. This story is only available to subscribers to the printed edition of Construction Law.
Construction Dive
JUNE 12, 2023
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction Dive
MAY 18, 2023
If policymakers fail to avert the crisis by the June deadline, all types of building activity would slow, including projects boosted by federal funding packages, according to Dodge.
Construction Enquirer
AUGUST 24, 2023
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. Money owed to unsecured creditors was £249m with the vast majority – £226m – made up of inter-company debts associated with losses suffered by equity investors.
Construction Business Owner
APRIL 13, 2023
ESOPs as an Alternative Buyer for Construction Companies ccapoccia Thu, 04/13/2023 - 14:33 In an economic environment defined by ever-increasing interest rates, traditional market debt financing doesn’t provide liquidity to corporations as it did in the past.
Construction Dive
JUNE 2, 2023
“We're still assessing the best ways to accommodate the caps and restraints that are part of this deal,” said Transportation Secretary Pete Buttigieg.
Construction Enquirer
APRIL 26, 2023
An update from administrator FRP Advisory revealed the scale of debts after the firm went under in March. Total debts at the business were £4.5m Subcontractors and suppliers have been left holding unpaid invoices worth nearly £2m following the failure of Yorkshire based contractor Castlehouse Construction.
Construction Dive
MARCH 25, 2024
An above-average amount of commercial real estate debt will soon mature and property owners will need to refinance at the highest rates in years, Moody’s said.
Pro Builder
SEPTEMBER 30, 2021
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. Regardless of these decisions, having $25-33K of student loan debt erodes the ability to save for a downpayment and closing costs. Read More.
Construction Enquirer
JUNE 27, 2023
It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. FRP said suppliers would get some money back for their debts once the company’s assets were realised during a liquidation. Howard Russell worked across the UK as a design and build contractor for a wide range of sectors.
Levelset
JULY 25, 2022
Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. For most businesses, working capital will be front of mind, but debt capital and equity capital serve important purposes as well. Debt capital. 3 types of capital for construction. Working capital.
Construction Enquirer
JUNE 30, 2023
Contractors working on the £4.1bn Thames Tideway project will still get paid whatever happens to debt stricken client Thames Water. A debt mountain of £14bn has left Thames Water on the brink of possible administration as it scrambles for cash from investors.
Construction Law Monitor
APRIL 10, 2014
The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. You have a pre-debt fact gathering and document filing stage, as the first phase.
Construction Dive
MAY 23, 2023
Even as the White House detailed how money is rolling out, contractors and other groups are watching infrastructure act funding during negotiations over the debt ceiling.
Pro Builder
MARCH 11, 2022
Mortgage debt is up $1.05 In the mid-2000s, the housing bubble led to a $250 billion increase in mortgage debt per quarter as homeowners borrowed heavily against their perceived home equity, and Q4 2021 saw a similar trend as mortgage debt increased by $245 billion. Mortgage debt is up $1.05 Fri, 03/11/2022 - 10:37.
Green Building Law Update
APRIL 4, 2021
Green buildings are less risky, more profitable, with higher appraised value than conventional buildings that results in higher company creditworthiness, measuring the reduced likelihood of it defaulting on its debt, but today, green building does not receive a commensurate lower interest rate on its debt.
Construction Dive
APRIL 13, 2023
After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.
ENR Construction
SEPTEMBER 20, 2020
An document filed by Chicago says the $8.5-billion billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept. of Aviation says the new Studio-Gang-designed global terminal, the centerpiece of the revamp, will stay on track.
ENR Construction
SEPTEMBER 20, 2020
An document filed by Chicago says the $8.5-billion billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept. of Aviation says the new Studio-Gang-designed global terminal, the centerpiece of the revamp, will stay on track.
Construction Dive
MARCH 29, 2023
Deposits are safe, but tech startups may no longer have access to venture debt and the lines of credit that helped fuel innovation.
Contractor Bookkeeping
SEPTEMBER 23, 2013
All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.
Construction Enquirer
MAY 24, 2023
An update filed at Companies House by liquidator Quantuma Advisory revealed the scale of the debts at the business when it collapsed in April. Staffordshire based contractor Quantum Construction went down owing 267 suppliers more than £4m. Unsecured trade creditors have been left holding unpaid invoices totalling £4.3m
ENR Construction
MAY 24, 2023
As economic uncertainty swirls around the Capitol Hill debt limit negotiations, some Top 400 contractors are worried about reaching the limit of their ability to keep projects profitable.
Pro Builder
JANUARY 12, 2023
Effective policy responses can lessen the negative impacts of the student-debt crisis,” Eddie Nilaj, co-author of the report, told MarketWatch, “not just in relieving debt, but enabling home ownership and economic mobility, for example.”. Between 2020 and 2022, homeownership rates of young borrowers rose in 49 states and in D.C.,
ENR Construction
MAY 30, 2023
But White House and legislators punt on more sweeping US transmission upgrade measures as they OK all permits for controversial gas pipeline in deadline-pushed debt ceiling compromise bill now set for House and Senate votes.
Pro Builder
JUNE 6, 2023
From a shaky economy to student debt, to general inflation and spiking healthcare costs, there's lots to be worried about. A new survey from Deloitte found that high cost of living is the "top societal concern" among Gen Z and millennials, and more than half of both generations said they currently live paycheck to paycheck, Insider reports.
Construction Enquirer
JUNE 25, 2023
A statement of affairs seen by the Enquirer ahead of the company being wound-up details debt levels across the business. The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. Details show trade creditors owed £2.7m and subcontractors a further £4.6m
Construction Dive
AUGUST 26, 2019
Commercial builders mostly expect profit to grow this year despite economic warning bells around debt and trade, according to an ABC confidence index.
BD+C
MARCH 12, 2014
Architects'
Autodesk Construction Cloud
FEBRUARY 25, 2022
FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage. It can be used to determine the proportion of a company’s assets that are financed by debt. Debt-to-Equity . Debt (Less Cash) to Equity . Formula: Total Liabilities / Total Assets .
Pro Builder
FEBRUARY 3, 2023
It could have translated into savings, paying down existing debt, and working on their credit score and debt-to-income ratio. It is possible that moving home allowed these young adults a financial boost that they would not have had otherwise.
Pro Builder
APRIL 13, 2022
That shortage of new homes built comes as the millennial generation graduates from student loan debt to mortgage debt, which should stimulate demand for new homes and could lead to a multi-year boom for new house builds, which would in-turn stimulate demand for lumber and lead to a continued increase in prices of the commodity.
Pro Builder
OCTOBER 13, 2021
The Fed’s Survey of Consumer Finance also found that overall, 42% of households had home mortgage debt compared with 37% with auto loan debt. . The overall share with home mortgage debt remained virtually unchanged from 2016 to 2019 at 42%, while the share of all households with auto loans increased from 34% to 37%.
Constructor Marketing that Works
FEBRUARY 5, 2014
Okay, I’ve probably not repaid all my debts to society, because after all, there were those college years to consider. Turns out the debt to society repaid me. Also known as “Narrow Avoidance of Jail Time Hijinks.”) I was studying and have the mediocre grades to prove it. I get it now. Two words, one mission.
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