article thumbnail

How Low Will Mortgage Rates Go Before Buyers Make a Comeback?

Pro Builder

Still, budget-conscious buyers prefer to wait it out. A new survey by John Burns Real Estate Consulting revealed that 71% of prospective homebuyers who plan to purchase their next home with a mortgage are not willing to accept a mortgage rate above 5.5%, NAR reports. Read more Affordability Financing Financing

Finance 52
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. This includes creating a detailed project schedule, budget, and phasing plan. You must secure financing for the project. The construction process also provides for installing flooring, paint, and fixtures.

professionals

Sign Up for our Newsletter

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

article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

Under a lump sum contract the consultants are typically engaged by the owner and the contractor falls under a separate contract with the owner. The contract is typically governed by the prime consultant. Once the budget is provided the contractor engages subcontractors to perform the scopes and manages the owners money.

article thumbnail

Do Owners, Designers, Contractors, and Others Need to Embrace New Mindsets?

Construction Dive

Department of Transportation (DOT), the Construction Managers Association of America (CMAA) asserted that in order for America to meet its future infrastructure needs, “both the owner community and the designers, contractors, and consultants who serve them will have to embrace new mindsets.”

CMAA 48
article thumbnail

4 Tips for Hiring a Reputable Plumbing Contractor

Construction Marketing

The benefit of banking on such referrals is that their skills and experience have already passed the test of time. You can also consult building contractors because they interact more often with plumbers in their industry. Alternatively, you can use the internet to find plumbers near you.

article thumbnail

LEAN Job Order Contracting Intro 4

Job Order Contracting

Owner leadership without excessive reliance upon “JOC consultants” Focus upon best value outcomes. Construction Cost Workbook – 2002 – Conference on the International Comparison Program World Bank. Ongoing required training for all participants. They also select the construction delivery method. contact-form].

Contract 100
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? After the April consulting rush, I am going to put together a rough model and see if I can’t make this happen for my own company.