article thumbnail

Former Carillion finance boss banned for 12.5 years

Construction Enquirer

Former Carillion group finance director Richard Adam has been disqualified as a director for 12 and a half years. ” Adam, 65, was finance director at Carillion between 2007 and 2016. ” Adam, 65, was finance director at Carillion between 2007 and 2016.

Finance 90
article thumbnail

All-Cash Home Sales Surpassed FHA-Backed for the First Time Since 2007 in Q3 2022

Pro Builder

All-Cash Home Sales Surpassed FHA-Backed for the First Time Since 2007 in Q3 2022. The share of cash purchases has climbed steadily for each of the past three quarters to reach a 20-year high, while new home sales financed through FHA are falling. Financing. Mon, 10/31/2022 - 09:51. Census Bureau. New-Home Sales.

Finance 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023

Pro Builder

Bond investors expect a top rate of 4.94%, but economists at Goldman Sachs expect the Fed will deliver quarter-point hikes at their next three meetings—holding top interest rates at 5.25%, the highest level since 2007, for the rest of the year. Read more Economics Financing Housing Policy + Finance Housing Policy + Finance

Banking 52
article thumbnail

Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens

Pro Builder

Despite rising budgets to combat homelessness in New York City and California, the national crisis has improved by just 10% compared with 2007. Housing Policy + Finance. Housing Policy + Finance. Though a “housing first” strategy has provided foundational support for thousands of unhoused people across the U.S.,

article thumbnail

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

Pro Builder

Another way to look at this is through the lens of household finances. Sure, inventory levels can change quickly, as we saw between 2005 and 2007, and no doubt sellers will test the market later this year as the pandemic eases. Household balance sheets are in pristine condition. from a peak of 117.1% from the high of 7.21

Housing 52
article thumbnail

California is a Model for PACE Loan Reform

Green Building Law Update

California’s statutory changes to its existing residential Property Assessed Clean Energy (PACE) financing program, that became effective January 1, 2017, may be a model for residential PACE programs across the nation. The first residential PACE program started in Berkeley, California in 2007.

Modeling 120
article thumbnail

What More Fed Hikes Could Mean for U.S. House Prices in 2023

Pro Builder

The Atlanta Fed’s Housing Affordability Monitor currently estimates that housing affordability is returning to lows not seen since 2007. Read more Affordability Housing Policy + Finance New-Home Sales Affordability That’s largely because mortgage costs have doubled over the past year. That could cause house prices in the U.S.

Housing 52