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How To Improve The Management Of Construction Site Inventory

Construction Marketing

Site inventory management is a crucial part of any construction business. However, construction inventory can run into a few specific challenges. Additionally, each delay inevitably drains finances and your company’s image. ERP software can inform you of possible inventory needs through smart forecasting.

Inventory 271
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

While both operating and finance leases will be recorded on the balance sheet, expense recognition is different. Finance leases will require the lessee to recognize interest expense and amortization expense. Finance leases will require the lessee to recognize interest expense and amortization expense. Accounting & Finance.

Leases 177
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How Employer-Assisted Housing Programs Are Paving a Path to Homeownership

Pro Builder

The rate of homeownership fell to just 38% for first-time buyers in 2021 as a result of record high housing costs, record low inventory, and stagnant wage growth across the U.S. Human Resources. Housing Policy + Finance. Housing Policy + Finance. New-Home Sales.

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. “Working capital evaluates the financial resources a company requires to operate the company,” notes Joshua Leyenhorst. 3 types of capital for construction.

Debt 97
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Home Prices Increase 17.2%—Is the Housing Market in a Bubble?

Pro Builder

Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Another way to look at this is through the lens of household finances. Coronavirus Resources and Information. The median price for an existing home reached $329,100, a 17.2% Read More. .

Housing 52
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How to Deal with Extended Lead Times and High Material Costs

Levelset

Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future. According to the 2022 Construction Cash Flow & Payment Report , construction businesses reported slow payments contributed to wasted resources (45%), reduced profit (41%), and failure to meet payroll (18%). .

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Challenging Times = Emerging Sales Opportunities

Pro Builder

Lack of inventory. Some buyer’s agents use such persuasive statements to entice new-home shoppers to employ their services, claiming buyers need them as “protection” from a builder’s sales tactics and to help the buyer obtain better financing and options/upgrades pricing than what the builder offers. Three Major Disruptors.