article thumbnail

Home Flipping Is Attracting More Competition But Generating Less Profit

Pro Builder

Home Flipping Is Attracting More Competition But Generating Less Profit. As price growth decelerates at the end of the year, investors are struggling to turn a profit on home flips. Average gross profit on home flips dropped 1.6% Yet the average gross profit on a flip was just under $69,000 in the third quarter, down 1.6%

article thumbnail

Caterpillar Reports Best Third-Quarter Sales and Profit Yet Downgrades Outlook for Future Sales

Construction Business Owner

announced third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion. Profit per share for the third quarter of 2012 was $2.54, up 49 percent from $1.71 per share in the third quarter of 2011. 22, 2012) — Caterpillar Inc.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Where are we headin’ in 2011?

Constructonomics

My theme song for 2011 is gonna be that ’70’s disco song by the Bee-Gee’s. I read all those statistics on construction starts and stuff like that, and while they do predict a modest uptick for 2011, it will be far from a gangbuster flood of money into our pockets. . Oh, if only it were 1977 again. We’d be enjoying 6.5%

article thumbnail

Caterpillar Profit Falls 55% in Fourth Quarter 2012

Construction Equipment

Caterpillar 4Q profit fell 55 percent as a result of charges resulting from the accounting problems in it Chinese subsidiary, as well as slow sales because of high dealer inventories. billion from 2011, garnering a profit of $0.7 Fourth-quarter sales and revenue were $16.1 billion, down $1.2 billion versus $1.4 billion in 2012.

article thumbnail

A Glimpse of Wall Street – 2011

Constructonomics

As a result, the ecomomy collapsed, millions lost their jobs, and the people who were responsible not only got off scott free, but profitted from the whole thing. And they did it by using tricks and schemes that walked along the ethical line. It’s a travesty. Did you know that the pricetag on this is $3.1 million (I mean billion)?

article thumbnail

2016 Insurance Market Forecast

Construction Business Owner

The industry had been fairly profitable and surplus was strong, so rates started to come down. From 2004 to 2011, rates actually dropped about 40 percent. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year.

Insurance 120
article thumbnail

People Profit Connection Review

Help Everybody Everyday

A while ago, Brent Darnell posted a copy of the latest edition of his book, “ The People-Profit Connection 3rd Edition ” online asking downloaders to review it as payment. I even mentioned him in my presentation at the 2011 Build Business conference. You can buy a copy of the People Profit Connection here.