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How to Deal with Extended Lead Times and High Material Costs

Levelset

Construction material costs are rising along with high fuel prices , affecting lead times and project success. Contractors report that supply chain disruptions impact inventory and their ability to forecast for the future. In addition to the recent material cost hikes, slow payment has long plagued the entire construction pipeline.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

The housing market may be headed straight for a post-pandemic downturn, but according to Jordan Rappaport, a senior economist at the Federal Reserve Bank of Kansas City, an uptick in single-family home building could soon follow. million, but a number of challenges remain for regional builders across the U.S., NAHB reports. NAHB reports.

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Everyone Wants in on Housing Flipping

Pro Builder

One Long Island-based house flipper says now is the best time to be in the business, but finding inventory to rehab is the hard part. Fixer-uppers are fighting over limited stock as the foreclosure moratorium closes off a usually solid stream of inventory. And fixer-uppers face rising building material costs and scarcity.

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4 Signs the Housing Market Could Cool Down

Pro Builder

Rising home prices, low inventory, rising mortgage rates, and pent-up demand are just some of the factors plaguing the market, but there are four factors that may change that. The bank's modeling suggests monthly housing starts will land between 1.7 Mon, 04/12/2021 - 09:17. 3) Home inflation set to cool.

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Types of Capital for Construction Businesses

Levelset

The term capital is used across industries to represent all of a company’s financial assets, including cash, inventory, equipment, and more. Construction businesses may have equipment, materials, or technology that function as capital, too. . Get materials now, keep your cash. Learn More. Equity capital.

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West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Indirect Loans: The West Virginia Economic Development Authority provides a loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing. This program insures up to 80% of a bank loan for a maximum loan term of four years.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Outflows for your Construction Company are generally the result of paying labor, material, other direct and indirect costs of goods sold and overhead expenses. Inventory - Is excess materials or supplies your Construction Company keeps on hand to meet your customer’s needs. Keep your inventory as low as possible.