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Will Banking Sector Uncertainty Cause a Slowdown in New Construction?

Pro Builder

Will Banking Sector Uncertainty Cause a Slowdown in New Construction? While elevated interest rates have made construction less profitable since the final quarter of 2022, recent banking turmoil is increasing headwinds for residential developers. Increased financing costs remain a concern around construction.”

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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

professionals

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The upside of job costing: More accurate estimates means more money in the bank

Lets Build

Whatever your reason for getting into the construction business, a love for job costing and puzzling out profitability likely wasn’t a contributing factor. In a recent study of self-identified business owners, accountants, bookkeepers, estimators, and finance managers within the construction industry, 1.

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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

Green buildings are less risky, more profitable, with higher appraised value than conventional buildings that results in higher company creditworthiness, measuring the reduced likelihood of it defaulting on its debt, but today, green building does not receive a commensurate lower interest rate on its debt. It is time to dare and endure.”.

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How to Deal with Extended Lead Times and High Material Costs

Levelset

As reported by the US Census Bureau, the construction industry is experiencing the most significant price hike since the 1970s as specialty contractors carry the burden of upfront, out-of-pocket expenses required to start new jobs. Material Financing exists to make this a reality, providing financial flexibility and growth opportunities.

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Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. You must secure financing for the project. Read more on the proper steps to ensure your commercial investment runs smoothly.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Industry News. Industry Statistics. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Green Building.

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