article thumbnail

Home Builder Profitability Reached Highest Level on Record

Pro Builder

The previous record was set in 2006, but 2020’s net profit average of 11.4% beat out 2006’s levels by just 0.25% and exceeded 2019 income by 1.8%. In 2006, the industry performed at a gross profit of 29.7 percent and operating expenses of 18.5 percent for a net profit of 11.2 In 2020, the gross profit percent was 25.9

article thumbnail

BuildTools Provides the Solution for Managing Demanding Clients

Pro Builder

Voted a Dallas Best Builder every year since 2006, Mark Molthan and the Platinum Series Homes team are honored to be among the top 2% of home builders in North Texas. We had to negotiate our final draw on every home,” says Molthan. So, we were stuck holding the bag and negotiating on it.” kcichowicz. Wed, 03/24/2021 - 10:39.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

#118:  Letters of Intent Forming Enforceable Contracts

NH Construction Law

498, 505 (2006). As one court has put it, “The fact that parties contemplate that a formal agreement will eventually be executed does not necessarily render prior agreements mere negotiations, where it is clear that the ultimate contract will be substantially based upon the same terms as the previous document.”

article thumbnail

PSMJ Resources Inc. Finds that A/E Billing Rates Decreased in 2010 as Firms Fell Victim to Pricing Pressure

PSMJ Resources

the premier management consulting firm for the A/E/C (architecture/ engineering/construction) industries, today announced that billing rates for most management positions either held steady or decreased during 2010 and 2011 after increasing in 2006, 2007, and 2009.

article thumbnail

The Best Way for Trade Contractors to Stay Out of the Courtroom

Pro Builder

Karalynn Cromeens is the owner and managing partner of The Cromeens Law Firm , a full-service construction and business law firm founded in 2006, and the author of Quit Getting Screwed: Understanding and Negotiating the Subcontract, and host of the “Quit Getting Screwed” podcast to bring free educational content to contractors nationwide. . .

article thumbnail

The marketing paradox and the imposter syndrome: When you really know what you are doing, you think you don’t

Construction Marketing Ideas

I admit to failure so far at this ongoing process, which started in late 2006 (yes, a decade ago) when I started this blog as I sought to learn as much as possible about best marketing practices.

article thumbnail

Rough weekend for Modern Continental

PSMJ Resources

the largest contractor for the Central Artery Tunnel project in Boston, also known as the Big Dig, saying it knew that bolts were coming loose in the ceiling of the Interstate 90 tunnel but glossed over the problem until the panels fell in 2006, killing a motorist. The company denied the accusations in a statement issued Friday night.

Boston 40