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Builders in Tough Spot as Construction Costs Increase Amid Insatiable Demand

Pro Builder

The cost of construction continues to increase due to material and labor shortages, yet buyer demand remains so robust that builders risk losing business because they cannot supply inventory, says The New York Times. People can move to where it’s more affordable,” said John Burns, chief executive of John Burns Real Estate Consulting.

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Inside the Single-Family Rental Demand

Pro Builder

A new joint report by the Urban Land Institute and RCLCO Real Estate Consulting found the single-family rental market has undergone an impressive increase in interest and growth as COVID-19 emphasized the need for various forms of housing. Inside the Single-Family Rental Demand. cbroderick. Wed, 06/30/2021 - 10:30.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

Excessive Accounts Were setup to track individual inventory items like lumber, nails, paint, pipe, roofing material, dirt, bark etcetera. Financial Reports Were Worthless Profit & Loss Reports showed massive income because Cost of Goods Sold (COGS) accounts were understated. The Key Colum - Is the Percentage (%) of Income.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Keep your inventory as low as possible. Cash is king!

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Putting 9 senior living market trends into perspective

BD+C

For developers and operators of senior living communities, the upper-income part of the market has the most potential for financial success but also the most options. They sold off the entire inventory and took a significant write-off. Understanding the care, needs, and preferences of aging seniors is only part of the answer.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

“It’s going to be increasingly more difficult to make money building houses, since rising prices have brought about a condition where supply already exceeds demand,” said John Burns, CEO of real estate research firm John Burns Real Estate Consulting. We will see rising inventory, fewer transactions, and probably falling home prices.”.

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NAHB Chairman's Letter: Americans Want Action on Housing Affordability

Pro Builder

A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Two Years Into Low Inventory and Rising Prices—and Still No End in Sight. Tue, 01/25/2022 - 20:14. Chuck Fowke, NAHB 2021 Chairman.

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