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Migrating Buyers Are Taking Over Regional Markets With Big Budgets

Pro Builder

Migrating Buyers Are Taking Over Regional Markets With Big Budgets. Relocating Americans are going toe-to-toe with local buyers in popular metros like Nashville and Philadelphia, and with inflated budgets, newcomers are sweeping the competition and laying down their roots for good. Tue, 02/15/2022 - 10:25. more to spend on a home.

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President Biden Ups His Budget to Combat Housing Crisis

Pro Builder

President Biden Ups His Budget to Combat Housing Crisis. The Biden administration’s latest budget proposal outlines a 21% increase in the U.S. Tue, 03/29/2022 - 10:06. Over $70 billion has been allocated to the Department of Housing and Urban Development to resolve a nationwide housing crisis, but will it be enough?

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Biden Proposes 15% Budget Increase for HUD Aimed at Affordable Housing

Pro Builder

Biden Proposes 15% Budget Increase for HUD Aimed at Affordable Housing. Department of Housing and Urban Development’s budget by 15%, with funds aimed at boosting affordable housing. It’s a reversal from his predecessor’s attempts to lower HUD’s budget, says Realtor.com. cbroderick. Mon, 04/12/2021 - 09:11. Read More. .

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High-Income Millennials Are Flocking to the Rental Market

Pro Builder

High-Income Millennials Are Flocking to the Rental Market. The share of higher-income Millennials who are renting instead of buying a home is at its highest level in five years, according to RentCafe. As many as 39% of rental applicants in 2021 had individual incomes over $50,000 compared to 32% five years prior. Demographics.

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Sun Belt Buyers Need 40% More Income to Afford a Home

Pro Builder

Sun Belt Buyers Need 40% More Income to Afford a Home. Homebuyers migrating to Sun Belt markets are nearly doubling their budgets to afford new home payments. . Wed, 04/27/2022 - 10:40.

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How to Keep Your Profit Wheel Spinning

Construction Business Owner

This recurring problem appears when final construction job cost comes in higher than the bid or contract project budget. As a business coach, I see numerous contractor income statements every year. 1 challenge many contractors face is profit shrinkage or profit margin fade.

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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. If you're looking to grow your construction business, you might consider expanding your service offerings.

Cash Flow 101