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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan." The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. Read more Financing Affordability Market Data + Trends Financing

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Your People Are the Secret to a Higher Profit Margin

Construction Business Owner

When the construction markets crashed in 2008, many workers in the skilled trades left to pursue employment in an industry with a more stable outlook. One of the greatest challenges business owners face in the current economy is finding and hiring quality employees.

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Global Oil And Gas Capital Expenditures Rise Despite Decline In Profits

Buisness Facilities Contributed Content

Worldwide capital expenditures among oil and gas companies increased 13% in 2012 despite relatively flat upstream revenues and a decline in upstream profits. This study analyzes the worldwide and regional exploration and production (E&P) results for 75 companies for a five-year period from 2008 to 2012. Revenues and profits.

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Rising Home Values Are Giving U.S. Homeowners Record High Housing Wealth

Pro Builder

While buyers face limited affordability, waning supply, and intensifying competition, sellers are reaping the benefits and raking in an average $94,000 in profit, up 45% from 2020, and 71% higher than returns on pre-pandemic sales. Even those not listing their homes for sale gained significant equity. That is not the case now. .

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Lean methodology is ignored by the construction sector

Job Order Contracting

Bayfield & Roberts, 2005, Hook & Stehn, 2008, Howell, 1999, McGrath-Champ & Rosewarne, 2009). Profitable partnering for LC. Lean construction is not simply a matter of applying Lean manufacturing concepts. References: Abdelhamid, T. Lean Construction Reading Primer. Retrieved July 12, 2010, from [link] Alinaitwe, H.

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Construction Business Owner Blogs

Construction Business Owner

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

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Construction Business Owner Blogs

Construction Business Owner

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Construction Business Owner E-Newsletter. -->. Home » Blogs.